Field of Schemes
sports stadium news and analysis

  

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October 27, 2005

If you sell it, he will pay

Franklin Haney, a developer bidding to buy the Washington Nationals, has come up with an interesting way to push his way to the head of the line: offer to pay all construction cost overruns on the team's new stadium. Only one problem: MLB has already decided who the frontrunners are for getting the team, and it ain't this guy. Also, MLB isn't paying for cost overruns to begin with, so this isn't much of an inducement to pick Haney. Also also, the D.C. mayor's office insists that it can build "a real nice stadium" for the original $535 million estimate (give or take $50 million or so for additional land costs). Okay, so more than one problem, then.

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