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Intangibles (Tables)

12 Months Ended

Dec. 31, 2024

Intangibles

Schedule of intangible assets and liabilities


		As of December 31, 2024									As of December 31, 2023
					Accumulated			Net			Gross			Accumulated			Net
		Gross Asset			(Amortization)/			Carrying			Asset			(Amortization)/			Carrying
in thousands		(Liability)			Accretion			Amount			(Liability)			Accretion			Amount
Intangible Assets:
License agreement with MLB ^(a)		$	24,872		$	(9,949)		$	14,923		$	24,872		$	(7,354)		$	17,518
Other definite lived intangibles ^(b)			6,844			(4,388)			2,456			6,844			(3,828)			3,016

Tenant leases:
Below-market			(3,679)			3,679			—			(3,679)			3,403			(276)
Total amortizing intangibles		$	28,037		$	(10,658)		$	17,379		$	28,037		$	(7,779)		$	20,258

(a)

Represents 10-year player development agreement between the Aviators and MLB.

(b)

Includes a franchise relationship and food and beverage contract associated with the Aviators

Schedule of estimated net amortization and accretion expense


in thousands		2025			2026			2027			2028			2029
Net amortization and accretion expense		$	3,155		$	3,155		$	2,895		$	2,844		$	2,844

5.