The land and building estimate is $40 million for the baseball stadium and like our Wilmington convention center a cost over run is likely.
Finance over 30 years could triple the cost to close to $100 million. The costs of necessary infrastructure, parking, safety concerns, and roads have NOT been estimated. The city taxpayer will be responsible for the yearly operational and maintenance shortfalls, which are expected in the industry.
The majority of residents would pay for this facility and never use it. Worse yet, it will take finite leisure/sports dollars from exciting area businesses. IF money is made, it will likely go to the ball players, ball owners, sports organization owners, who spend it elsewhere. (Of course the builder and land owner will walk away with a one time, early on sizable profit.)
Who wins this game, and who loses?
The taxpaying public SHOULD decide this one!
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