Page rendered in 0.1897 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: OTP - July 2014: Republicans Lose To Democrats For Sixth Straight Year In Congressional Baseball Game
(4005 - 9:51am, Aug 01)
Last: Bitter Mouse
Newsblog: OT: The Soccer Thread July, 2014
(561 - 9:50am, Aug 01)
Last: CWS Keith plans to boo your show at the Apollo
Newsblog: George "The Animal" Steele Mangles A Baseball
(153 - 9:43am, Aug 01)
Last: NJ in DC (Now unemployed!)
Newsblog: Primer Dugout (and link of the day) 8-1-2014
(2 - 9:36am, Aug 01)
Last: Rennie's Tenet
Newsblog: OT: Monthly NBA Thread- July 2014
(1076 - 9:34am, Aug 01)
Last: Der-K and the statistical werewolves.
Newsblog: Mariners notebook: Zduriencik fires back at critics | Mariners Insider - The News Tribune
(4 - 9:23am, Aug 01)
Last: Avoid running at all times.-S. Paige
Newsblog: Amaro says Phils didn't overvalue players at Deadline | phillies.com: News
(3 - 9:23am, Aug 01)
Newsblog: Ranking The Prospects Traded At The Deadline - BaseballAmerica.com
(2 - 9:23am, Aug 01)
Last: boteman is not here 'til October
Newsblog: The Dark Side of Booming Local TV Deals
(5 - 9:22am, Aug 01)
Newsblog: A's Acquire Lester, Gomes For Cespedes
(131 - 9:20am, Aug 01)
Newsblog: Playoff contenders load up on dizzying Deadline day | MLB.com: News
(1 - 8:58am, Aug 01)
Newsblog: JULY 31 2014 OMNICHATTER/TRADE DEADLINE CHATTER
(366 - 8:49am, Aug 01)
Newsblog: Cliff Lee Re-Injures Elbow
(19 - 8:48am, Aug 01)
Last: Edmundo got dem ol' Kozma blues again mama
Newsblog: Brewers acquire outfielder Gerardo Parra from D-backs
(6 - 8:00am, Aug 01)
Last: Harveys Wallbangers
Newsblog: Ruben Amaro Jr., on standing pat at deadline
(13 - 7:45am, Aug 01)