(Washington, DC) Chief Financial Officer Natwar M. Gandhi stated today the costs for the construction of a new baseball stadium in Southeast Washington are still being formulated.

“When we presented our last formal estimate in August, we estimated the costs would remain at $535 million, the cap set by Council on the amount the District would borrow.” said Gandhi. “We are now analyzing that number to take into account a number of cost increases, including the price of materials and labor in the aftermath of several natural disasters in the U.S.”

Gandhi says he expects to deliver a revised cost estimate to the Council soon.