D.C. Sports Commission: Stadium Cost is $688 Million
Remember the heady days when the cost to the District to build a baseball stadium would be $435 million? Or $535 million? Or $585 million? Or $611 million?
Okay, so maybe you lost track from the first figures, touted as the initial estimate by then-Mayor Anthony Williams in 2004 to the final figure, which is the price cap set by the D.C. Council in 2006. Well, the latest cost, according to the D.C. Sports and Entertainment Commission, is ... $688 million.
Council member David Catania's office points out that the figure comes in the September cost report. The figures include $141 million for land acquistion on the site where the stadium was built, well above the $98 million the city had expected back when the council set a cap on prices. (Land was not included in the cap because the city had seized parcels through eminent domain and land owners sued to seek more money.)
Catania has used the numbers to show that he and others who opposed the stadium were right in their contention that the costs would rise well above any attempt to control the public's investment. (The figures don't include ancillary costs such as road and streetscape improvements.
And Catania's staff also points out that the cost estimate does not include the $4 million the city agreed to spend to make more stadium improvements. That amount was part of a deal reached between the city and the Nationals on Friday, under which the team would pay the $3.5 million it has owed in rent since the spring.
David A Nakamura
October 20, 2008; 8:35 AM ET
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