September 23, 2004
Re-crunching the numbers
A reader points out that while my summary of the D.C. stadium finance plan is accurate, the Washington Post's math is not: $5.5 million in annual rent, plus a few million more a year in ticket and parking taxes, makes for a total private contribution of closer to 30% of the whole project than the 44% that the Post reported. Subtract $2-3 million a year in anticipated naming-rights fees, and you have a number that's more likely to bring a smile to the lips of Bud Selig - and a snarl to those of the D.C. Three.
Posted by Neil deMause
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