Page rendered in 0.1773 seconds
52 querie(s) executed
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand
Monday, December 19, 2005
In the “left holding the bag” department, DC steps to the plate…
Workers had barely broken ground on Safeco Field in 1997 and already construction costs were spiraling upward. By the time the first pitch was thrown two years later, the Seattle Mariners’ new retractable-roof stadium had become the most expensive ballpark ever built, swelling nearly $100 million over budget to more than a half-billion dollars.
Cost overruns were hardly unique to Safeco, which was completed in 1999. And neither was the solution of who would pay them: As with most recent deals, the team was contractually bound to cover overruns as part of its agreement with local and state officials to get a stadium financed largely by taxpayers.
Washington won’t be so lucky. Under last year’s agreement with Major League Baseball that returned professional baseball to the city, the District said it would absorb all overruns in building a ballpark for the Nationals, unless the extra cost was caused by last-minute enhancements demanded by the team or baseball.
The debate over the ballpark’s price has focused on whether it should be built on the Anacostia waterfront or adjacent to Robert F. Kennedy Memorial Stadium, and it has been based on rising cost projections for the stadium and surrounding infrastructure. The D.C. Council approved $535 million for the project, not counting financing fees—more public money than has ever been spent on a professional sports stadium. Mayor Anthony A. Williams (D) has promised to limit the city’s investment to the amount approved by the council, even as estimates have risen to $667 million or higher if underground parking is included.
Thus far, little has been said about how the District would pay for overruns should costs exceed projections. And history shows that overrun costs of major construction projects can be staggering.
You must be logged in to view your Bookmarks.
Newsblog: 2014 WORLD SERIES GAME 4 OMNICHATTER
(61 - 8:27pm, Oct 25)
Newsblog: Phils' philospophy beginning to evolve | phillies.com
(13 - 8:27pm, Oct 25)
Newsblog: OT: Politics, October 2014: Sunshine, Baseball, and Etch A Sketch: How Politicians Use Analogies
(3798 - 8:26pm, Oct 25)
Last: Merton Muffley
Newsblog: OT: October 2014 - College Football thread
(459 - 8:25pm, Oct 25)
Last: Lance Reddick! Lance him!
Newsblog: Dave Dombrowski: Injury worse than expected, Miguel Cabrera 'is as tough as you can possibly be' | MLive.com
(25 - 8:24pm, Oct 25)
Newsblog: Boston Red Sox prospect Deven Marrero enjoying turnaround in Arizona Fall League | MiLB.com
(14 - 7:58pm, Oct 25)
Last: Merton Muffley
Newsblog: Yost's managerial decisions make for extra-entertaining World Series | FOX Sports
(16 - 7:30pm, Oct 25)
Newsblog: Gambling Bochy creature of habit when it comes to pitchers | CSN Bay Area
(5 - 6:56pm, Oct 25)
Last: Bug Selig
Hall of Merit: Most Meritorious Player: 1959 Ballot
(8 - 6:29pm, Oct 25)
Last: Chris Fluit
Newsblog: MLB - Royals' Ned Yost keeps managing to win - ESPN
(12 - 6:15pm, Oct 25)
Newsblog: OT: NBC.news: Valve isn’t making one gaming console, but multiple ‘Steam machines’
(872 - 6:02pm, Oct 25)
Last: Greg K
Newsblog: OT: Monthly NBA Thread - October 2014
(395 - 5:49pm, Oct 25)
Last: NJ in DC (Now with Wife!)
Newsblog: Buster Olney on Twitter: "Sources: Manager Joe Maddon has exercised an opt-out clause in his contract and is leaving the Tampa Bay Rays immediately."
(87 - 5:12pm, Oct 25)
Last: PASTE Thinks This Trout Kid Might Be OK (Zeth)
Newsblog: John McGrath: The Giants have become the Yankees — obnoxious | The News Tribune
(20 - 4:40pm, Oct 25)
Newsblog: OT: The Soccer Thread, September 2014
(936 - 4:29pm, Oct 25)
Last: Howling John Shade