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.
Posted by Neil deMause
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