Found October 22, 2009 on
Field of Schemes:
Whuh-oh. The Florida Marlins' new stadium has only been under construction for three months, and already there are cost overruns: The accompanying parking garage, it turns out, will cost $135 million, not $94 million as originally budgeted. The Miami city commission is set to vote on the pricier garage bonds today, which should make for fine web streaming entertainment as always.
The garage financing is actually a confusing tangle: The Marlins are paying the city $10 per space for the rights to 5,850 parking garage spaces, which the Miami Herald says will "cover construction costs over the life of the bond issue," though it's not clear whether they mean the original $94 million cost or the new $135 million figure — by my calculations, it'd only come to about $5 million a year, which wouldn't be enough to cover either. And in any case, the Marlins' rent isn't going up as the cost goes up, which means the extra $41 million in bond cost will be...
Original Story:
http://www.fieldofschemes.com/news/ar...
THE BACKYARD
BEST OF MAXIM
AROUND THE WEB
MLB Forum Discussions
3 replies,
2 days ago
1 replies,
2 days ago
1 replies,
2 days ago
1 replies,
2 days ago
2 replies,
2 days ago
| Latest Rumors |
|
|
|
|
Today's Best Stuff |
For BloggersJoin the Yardbarker Network (YBN) for more promotion, traffic, and money. |
Company Info |
Help |
What is Yardbarker?Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond. |












