Thursday, July 2, 2026

Iowa’s ‘Field of Dreams’ Site Receives New $12.5M Investment

  • The Cubs and Reds will play MLB’s second game there on Thursday.
  • An ownership group led by Frank Thomas previously committed $80M to a youth sports complex there.
MLB
Reese Strickland-USA TODAY Sports

Heading into Thursday’s MLB at Field of Dreams game between the Cubs and Reds, the eponymous baseball facility is looking ahead to its very bright future.

This week, Iowa Gov. Kim Reynolds and the Iowa Economic Development Authority (IEDA) announced the state would contribute $12.5 million for the city of Dyersville to create a permanent multi-use stadium.

The hope is that the proposed “This is Iowa Ballpark” project will host professional games, collegiate tournaments, and other year-round events for years to come.

The permanent park is just one part of larger plans for the area.

In April, Go the Distance LLC — an ownership group led by Baseball Hall of Famer Frank Thomas — announced an $80 million youth sports complex at the site that will include nine baseball fields, team dorms, a hotel, and an amphitheater. It’s expected to be completed by the end of 2023.

Thomas’ group is separate from This is Iowa Inc., the nonprofit that will be in charge of the permanent stadium.

The cornfields in the area — where the 1989 film “Field of Dreams” was famously filmed — has seen a revitalization in recent years after MLB staged its first game on the site between the Yankees and White Sox last season.

While the new construction means that MLB will not be able to play a game at the site in 2023 — as Thomas announced Wednesday — the league seems poised to return to Iowa in future years.

A feasibility study conducted during planning estimated that the area could generate $9.1 million in investment in the first year after the stadium was built — but two-thirds of that is contingent on an annual MLB game being played there.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

ATLANTA, GA - September 05: Georgia Lottery fireworks after the game against the Seattle Mariners at Truist Park on Friday, September 5, 2025 in Atlanta, Georgia.

Inside the Spectacle and Science of MLB Fireworks

The postgame tradition requires year-round planning and meticulous attention to detail—especially for an America250 blowout.

Bobby Bonilla Day Would End With MLB Owners’ Proposal

MLB team owners are seeking to outlaw future contracts with deferred money.
Jun 28, 2026; Baltimore, Maryland, USA; Baltimore Orioles outfielder Colton Cowser (17) congratulates infielder Jackson Holliday (7) at home plate after Holliday hit a two-run home run in the seventh inning against the Washington Nationals at Oriole Park at Camden Yards.

Underperforming Teams Make for Uncertain MLB Trade Market

Many clubs don’t yet know whether they will be buyers or sellers.
podcast thumbnail mobile
Front Office Sports Today

7/2/26 – Celtics Trade Jaylen Brown, World Cup Ratings Smash Records, Serena Knee Scare, Bobby Bonilla Day

0:00

Featured Today

Kansas City Chiefs

NFL Teams Push to Turn Futbol Fans Into Football Devotees

NFL teams are courting international soccer fans during their World Cup visits.
June 26, 2026

What We Saw Traveling the U.S. for the World Cup Group Stage

The knockout stage begins Sunday.
June 26, 2026

In an Era of $1,000 Tickets, $10 Watch Parties Bring Fans Together

Stadium watch parties now rival home-game experiences.
June 25, 2026

Italian Americans Have Severe World Cup FOMO

Bars and restaurants in Boston, Philly, and beyond are missing the Azzurri.
Indiana Fever guard Lexie Hull (10) celebrates a three-point basket Monday, June 22, 2026, during the game at Gainbridge Fieldhouse in Indianapolis. The Indiana Fever defeated the Phoenix Mercury, 86-77
June 24, 2026

Female Athletes Are Trying to Build the ‘Athleisure of Beauty’

“Performance cosmetics” have emerged alongside the women’s sports boom.
Apr 2, 2026; Portland, Oregon, USA; Tom Dundon, owner of the Portland Trail Blazers, visits with fans after a game against the New Orleans Pelicans at Moda Center.

Dundon: Taxpayers Should Foot the Bill for Portland Arena Makeover

The NBA team owner pushed back on private financing for the arena renovation.
June 15, 2026

Dallas Stars ‘Getting Married’ to Plano With $3B Arena Move

The NHL team sees its forthcoming home city as a regional hub.
June 24, 2026

Portland Arena Standoff Revives Fears Over Trail Blazers Future

Portland’s mayor and city council spar over helping fund arena renovations.
Sponsored

Josh Childress: Why Now Is the Time for NBA Expansion

Josh Childress on why he invested in the Portland Thorns, the case for NBA expansion, and donating to Stanford NIL.
June 5, 2026

Bears Taking New $5B Stadium Plans Across State Line to Indiana

The decision arrived just four days after political inaction by Illinois leaders.
June 3, 2026

Stars Arena Move Deepens Downtown Dallas Sports Exodus

Both the Stars and Mavericks are seeking to build new arenas.
June 1, 2026

Indiana’s Bears Stadium Bid Gets More Real After Illinois Misses Chance

Recriminations rise as Illinois leaders fail to ratify a Bears stadium bill.
June 1, 2026

Illinois’ Last-Minute Push for $5B Bears Stadium Runs Out of Time

The state Senate approved a dramatically reworked stadium bill.