Saturday, February 9, 2008

Yankees way over budget on new stadium

In an article from Karen Matthews of the AP, the Yankees have gone over budget on the construction of the new Yankee Stadium.

The estimated cost was originally $1B, but the total cost is now at $1.3B. Yankees Chief Operating Officer Lonn Trost told media members during a tour of the new ballpark the cost overruns included $150 million in such enhancements as the giant video screen, $138 million in food and beverage costs not included in the original estimate and $50 million from delays due to a lawsuit by community groups that sought to halt construction of the stadium.

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