Friday, April 02, 2004
Ballpark's Total Cost Just Under Half-Billion
As the San Diego Padres prepare to open Petco Park, Jonathan Heller of the San Diego Union-Tribune breaks down the cost. The project, originally budgeted at $411 million in 1998, has now cost $474 million. It's also two years behind schedule.
The Padres have contributed $173.2 million, 50% more than they had promised. The City of San Diego has paid $205.9 million, though financing and other soft costs will bring that total close to $300 million. Its affiliated Centre City Development Corp. added $73.9 million, and the San Diego Unified Port District tossed in the final $21 million.
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As the San Diego Padres prepare to open Petco Park, Jonathan Heller of the San Diego Union-Tribune breaks down the cost. The project, originally budgeted at $411 million in 1998, has now cost $474 million. It's also two years behind schedule.
The Padres have contributed $173.2 million, 50% more than they had promised. The City of San Diego has paid $205.9 million, though financing and other soft costs will bring that total close to $300 million. Its affiliated Centre City Development Corp. added $73.9 million, and the San Diego Unified Port District tossed in the final $21 million.
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