March 31, 2005
Ka-ching!
The projected cost of the new Washington Nationals stadium just went - okay, show of hands, how many people thought I was going to say "down"? It's up, of course: D.C. CFO Natwar Gandhi has estimated an additional $46 million in land acquisition costs, bringing the total cost to $581 million.
Conveniently, that's still $4 million less than the stadium spending cap approved by the D.C. city council last December, above which the council has to start looking for a cheaper site. That's still not much of a buffer, especially if the Supreme Court rules for the plaintiffs this June in Kelo v. City of New London, which could blow all previous land acquisition estimates out of the water.
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