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CFO Releases Updated Cost Estimates for Building a New Baseball Stadium

Monday, December 12, 2005
The updated estimates include the cost of building a new stadium at the site currently proposed in Southeast DC and at a site adjacent to RFK Stadium.

(Washington, DC) Chief Financial Officer Natwar M. Gandhi released updated estimates of the cost of building a new major league baseball stadium at the site currently proposed in Southeast DC and at a site adjacent to RFK Stadium.

In a letter to Council Chairman Linda W. Cropp, Gandhi estimates the total cost for the proposed Southeast DC site to be $667.3 million; the cost for the site at RFK is estimated at $605.5 million.

The updated estimates were requested by council members in advance of a Public Roundtable in Council Chambers on Tuesday, December 13, at 10 am, to review and discuss the lease agreement for the baseball stadium and related issues.

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