Friday, August 28, 2026
The FOS App Launches September 1 Pre-save on the App Store Today

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

Aug 9, 2022; Milwaukee, Wisconsin, USA; The Tampa Bay Rays logo on a batting helmet prior to the game against the Milwaukee Brewers at American Family Field. Mandatory Credit: Jeff Hanisch-USA TODAY Sports

Rays’ $2.36B Ballpark Gets Final Approval in Tampa

Groundbreaking is targeted for later this year.

Tampa City Council Narrowly Approves Rays Stadium Funding 

The long-sought-after project narrowly survives the city vote.

MLB Players Balk at Owners’ Proposed Free Agency Revamp

Management’s latest proposal took some inspiration from the NFL and NBA.
Aug 25, 2026; San Francisco, California, USA; San Francisco Giants first baseman Rafael Devers (16) and San Francisco Giants center fielder Drew Gilbert (0) celebrate after scoring against the Cincinnati Reds during the first inning at Oracle Park.
Exclusive

Kalshi Incorrectly Claimed Deals With Giants, Braves Were Exclusive

The prediction-market platform says the mistake was an accident.
podcast thumbnail mobile
Front Office Sports Today

A Conversation on NBA Europe, the Next NBA CBA & More with NBPA Chief David Kelly

0:00

Featured Today

Deshaun Watson Has Done the Impossible: Unite Browns Fans

Watson was named the starter after complaining boos were “personal.”
August 23, 2026

Dan Snyder ‘Invisible’ in NFL Three Years After Commanders Sale

Snyder has had little to no contact with former NFL associates.
Soccer Football - Premier League - Arsenal v Burnley - Emirates Stadium, London, Britain - May 18, 2026 Arsenal's Kai Havertz scores their first goal past Burnley's Max Weiss
August 21, 2026

Why the Premier League’s Star-Power Shortage Doesn’t Matter

The world’s richest soccer league doesn’t rely on big stars to dominate.
August 12, 2026

Trendy Golf Hat Divide Is More Than a Fashion Fight

As golf has gotten trendier, so has the sport’s style.
Joey Spallina of the Maryland Whipsnakes
August 6, 2026

How Eye Black Became ‘War Paint’ on the Field

“You’re going into battle, doing something you only do on game days.”
Exclusive

NWSL’s Stars Will Return to Northwestern Lakeside Stadium

The NWSL club originally sought to play in the new Ryan Field.
Oct 13, 2024; London, United Kingdom; The Chicago Bears logo in the end zone before an NFL International Series game at Tottenham Hotspur Stadium. Mandatory Credit: Kirby Lee-Imagn Images
August 14, 2026

Bears Call Indiana Stadium Plans Their ‘Sole Focus’

Bears chairman on Illinois: “Hope is not a strategy.”
Mar 21, 2018; Port Charlotte, FL, USA; A view of the Rays logo on the jersey of a member of the Tampa Bay Rays against the Boston Red Sox at Charlotte Sports Park. Mandatory Credit: Aaron Doster-USA TODAY Sports
August 24, 2026

Rays’ $2.36B Ballpark Faces Two Make-or-Break Votes This Week

More last-minute negotiations are expected ahead of the votes.
Sponsored

Kerri Walsh Jennings’s Playbook for the Future of Volleyball

The former gold medalist talks NCAA, the Olympics, & investing in volleyball.
Mar 18, 2015; Portland, OR, USA; General view of the Moda Center exterior prior to the second round of the 2015 NCAA Basketball Championship.
August 13, 2026

Portland Votes to Add $120 Million to Moda Center Renovations

The team now has $586 million toward renovations approved.
Clouds move over the top of Highmark Stadium in Orchard Park on Aug. 8, 2026.
August 10, 2026

Bills Are ‘Addressing Feedback’ After New Stadium Debut

Obstructed-view seats have become a focal point of the new facility.
August 10, 2026

Tampa Overhauls Rays $2.3B Stadium Funding As Clock Ticks

The city is shifting to a tax-increment financing structure.
Apr 24, 2026; Portland, Oregon, USA; Portland Trail Blazers guard Scoot Henderson (00) shoots the ball over San Antonio Spurs guard Dylan Harper (2) during the second half during game three of the first round of the 2026 NBA Playoffs at Moda Center.
August 7, 2026

County Votes to Approve $100M for Blazers Arena Upgrades

County leaders vote to support renovations, but a funding source is unclear.