Monday, December 20, 2004

Ballpark accord reached

The press conference is apparently over. WTOP's coverage wasn't so good, and they couldn't cover the thing live, due to a last minute change in venue. Cropp and Williams have reached and agreement, and have talked by conference call with MLB, who have apparently signed off on the deal as well.

Here's what WTOP had to say:
  • The ability to cover half the construction costs with private financing.
  • Liability evenly divided between MLB and the city if there are overuns. This will be done through an insurance policy, where MLB and the city will split the payments.
Details are still sketchy. The only additional nugget being reported by the Post is that, in exchange for reduced liability in the case of overruns, the city is foregoing one year of lease payments on the stadium.

Now, as long as this actually passes through city council tonight without any last-minute machinations, we can get back to baseball.

2 Comments:

At 11:29 PM, Blogger Chris Needham said...

I'm reading, John. Seems like you're scooping me by a few minutes on most everything today. Damn you! :)

 
At 11:35 PM, Blogger John said...

Heh! I have found a way to channel all the time I spend procrastinating in the average day into something productive. Now you see how much I really procrastinate, though!

 

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