If we get a stadium I believe it must be located in Huntington at any cost. I was talking to OH-Herd-CR yesterday coming back from the Tulane game and how great it would be to have a facility in Huntington. She mentioned the University of Arkansas stadium. While we wouldn't need anything near the size of it, it does have one unique feature. It is dug below the exisiting grade to allow for a grassy tailgating area in the outfields.
My thoughts on attendence. If we can fill up the small seating area we have at the Kennedy center, against Little Miami, on a Tuesday afternoon, then why would we have a problem filling up several thousand seats for a game against say #18 ECU, or #1 Rice, or really any given year you could exchange those rankings with several of our conference mates, on a Friday evening or Saturday/Sunday afternoon. I truely believe if we could get a Stadium with 3,000 seats, make 1,200 of them chairbacks, and the remaining bleachers. You could charge $5 at the gate (obviously have season tickets), and do as App Power park does with if you get in the stadium and want box seats charge an extra $3. On a weekend against say ECU or Rice a sellout would not be out of the question, so your looking at $15,000 just from the sellout of 3,000 seats (not including the season tickets), and $3,600 from box seat sales. Then where it gets interesting, you could sell the outfield 'tailgating' spots say 30 or so (not sure how you could charge these spots, but maybe make it $20 flat rate, and allow people to reserve spots for the entire year).
I guess what I'm pointing out is that baseball is not a completely money draining sport. Yes it would take a while to pay off a new stadium, especially since we wouldn't sell out every home series. However, if you get a better stadium in place you can possibly get better OOC teams to play here, which could also be a big draw for fans. If you could average $10-15k per game in sales (seating, concessions, merchandise) and have 20-25 games per year that is at minimum $200,000 per year in just sales alone, that is not including revenue from advertising, and 'special events' that could be held there throughout the summer and fall. Sure there is up-keep on it, and I would have no idea what that kind of figure might be, but if it were over the minimum of $200k I would be suprised.