Field of Schemes
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July 18, 2004

Safeco 'hood sees little development

The alleged "catalyst" effect of sports stadiums isn't in evidence in Seattle, where five years after it opened, the Mariners' Safeco Field hasn't seen much new development on surrounding streets. There has been development in the M's pocketbook, though: with the state picking up three-quarters of the stadium's $517 million cost, the team has become the fifth-most valuable in baseball, with the biggest profits of any team in baseball in 2003, according to Forbes.

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