Monday, June 8, 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

Aaron Judge Injury Deals Major Blow to Yankees—and MLB

The Yankees megastar will miss the heart of the season.

MLB’s Long-Stalled Stadium Plans—Rays and A’s—Show Progress

The A’s and Rays both are drawing closer to getting new ballparks.

MLB Owners Hold Firm On Salary Cap, Cite ‘Failure’ With Luxury Tax

Rising willingness by teams to pay the tax prompts a new approach.

MLBPA Says Owners’ Salary Cap Would Cut Player Pay by $500M

The union again decries management’s push to implement a salary cap.

Featured Today

Ai sports slop

How Sports Became Ground Zero for AI Slop

The category is the perfect breeding ground for AI content churn.
FILE PHOTO: Soccer Football - FIFA World Cup - UEFA Qualifiers - Group A - Germany v Luxembourg - Rhein-Neckar-Arena, Sinsheim, Germany - October 10, 2025 Germany coach Julian Nagelsmann
June 4, 2026

‘Weird Corners of the World’: How to Find a World Cup Coach

National associations look for a winning record—and also hope for serendipity.
June 3, 2026

The Elite High Schools Hosting World Cup Teams

Spain, Morocco, Croatia, and Switzerland chose schools as their tournament base camps.
Frances Cabral-Delaney
May 29, 2026

How Arsenal Fandom Went ‘Manic’

“People do not become Arsenal fans because it’s easy,” says Zohran Mamdani.

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

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

Stars Arena Move Deepens Downtown Dallas Sports Exodus

Both the Stars and Mavericks are seeking to build new arenas.
Sponsored

Landon Donovan: What Soccer in America Still Needs

Landon Donovan discusses the evolution of soccer in America and investing in the NWSL.
June 1, 2026

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

The state Senate approved a dramatically reworked stadium bill.
May 31, 2026

Bears $5B Domed Stadium Plan Hits Make-or-Break Day in Illinois

Political negotiations are going down to the final hours in Illinois.
Apr 6, 2026; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) walks to the on deck circle during the game against the Texas Rangers at Globe Life Field
May 28, 2026

Why Ballparks Are Louder Than Ever

Some stadiums sound like veritable nightclubs. How did we get here?
May 27, 2026

Bucs Stadium Push Could Complicate Rays Ballpark Deal

The neighboring MLB and NFL teams might battle for the same tax funds.