Even though there's no specifics in the news article I feel much better.
I still feel that the NSS study regarding the down town did point out the 2 most troubling aspects of the land.
One its in a flood zone
Two water table is a concern
The question becomes is this a land acquisition thing or a construction problem? I suspect the city is ONLY responsible for making the land environmentally acceptable.
Now, on the other hand how does the flood plain and water table affect construction costs? PPD spent over $1.5M on soil "Prep"
The city - who will want to expand the Riverwalk will now have to concern itself with expenditures outside the ball park deal to include bulkheads at the river facing then building the walk itself.
Additionally they now have to pay for the public park that is attached to the stadium property
So that $37M is now a MINIMUM figure.
O'Grady said the remediation costs are "built in" to the $6M allocated for the land.
Shoninger has said $6M is his line in the sand for the asking price.
Can anyone say DUH?
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