January 26, 2008
Higher Costs
The Twins new stadium is costing more than originally predicted. The Twins, however, are going to cover the costs.
Material and construction prices have risen faster than anticipated, Bell said.
"It's a lot of different items, not any one thing," Bell said of the ballpark, which is scheduled to open in 2010. "But we're committed to this design, and we don't want to change it. So it means we'll pay a little more."
Good. Given that they are receiving significant public funding, it's the right thing to do.
Posted by David Pinto at
05:35 PM
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"Material and construction prices have risen faster than anticipated, Bell said."
Makes little sense, it is fairly simple to achieve cost certainty on materials via futures markets. Either somebody screwed up, or they rolled the dice and lost.