The Morning Report
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you need to take on the day.
We recently built a ballpark downtown in the $400 million-ish range.
A bit pricey. But, it was in the middle of the city, there were condemnations, financing delays, people had to move out, weird politics, yada yada.
Some folks are now talking about a new football stadium in the $400 million-ish range.
A bit pricey.
Seems all of our sports facilities have only one unit of cost; about $400 million.
I’m looking at the latest in the Stanford magazine and come across the announcement of the opening of the school’s brand new, state of the art, 65,000 seat football stadium. Built in 10 months at an all-in cost of $90 million.
And, get this. They begin demolition of the old 100,000 seat stadium immediately after the last game of last season, work literally round the clock six days a week, and are open for the first game of this season. During construction they kept a camera going so you could watch the progress real time. Pretty cool.
If interested check out the schematics on this site.
So my question is, how come the one we want to build is four times more expensive? I can see a little more expensive for special stuff. But, there is a big difference in $310 million more dollars.
I really don’t know this one.
– PAT SHEA