Page rendered in 0.2749 seconds
47 querie(s) executed
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand
Sunday, December 18, 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: OT - March 2017 NBA thread
(872 - 2:23am, Mar 27)
Newsblog: Tigers will try to convert OF Anthony Gose to pitcher
(13 - 2:15am, Mar 27)
Newsblog: Why DFA is the WTF of baseball and how one player fought back
(24 - 1:53am, Mar 27)
Newsblog: Mike Trout proposes umpire change
(11 - 1:49am, Mar 27)
Hall of Merit: Sam Rice
(46 - 1:25am, Mar 27)
Newsblog: Former Phillies reliever Todd Frohwirth dead at 54
(3 - 1:01am, Mar 27)
Last: Random Transaction Generator
Newsblog: Gammons: Daniel Bard Is Willing To Endure The Frustration
(8 - 12:35am, Mar 27)
Last: JimMusComp likes Billy Eppler....
Newsblog: OTP 20 March 2017: This fighter for civil rights has baseball in her DNA
(2076 - 10:46pm, Mar 26)
Last: Gonfalon Bubble
Newsblog: Cleveland Indians working on long-term deal with Francisco Lindor, confirms small child
(1 - 10:09pm, Mar 26)
Last: Man o' Schwar
Newsblog: Heyman: Nationals leaning toward Koda Glover for closer role
(28 - 10:06pm, Mar 26)
Last: My name is Votto, and I love to get blotto
Newsblog: OT: NCAA March Madness 2017
(351 - 9:59pm, Mar 26)
Last: . . . . . . . . . .
Newsblog: Mets lefty Steven Matz to skip next start | MLB.com
(6 - 9:31pm, Mar 26)
Last: RJ in TO
Newsblog: Wong would rather be traded than platoon at second base
(4 - 8:44pm, Mar 26)
Last: Davo's Favorite Tacos Are Moose Tacos
Newsblog: Will teams blow White Sox away for Jose Quintana?
(1 - 8:05pm, Mar 26)
Hall of Merit: 2018 Hall of Merit Ballot Discussion
(153 - 5:37pm, Mar 26)
Last: Bleed the Freak