Stadium News - Sort of
The potential stadium delays just keep coming.
Attorneys for Norman Braman have filed a court motion seeking financial details on a garage at a Marlins ballpark site and to question City of Miami officials based on "newly discovered evidence."
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Assistant City Attorney Henry Hunnefeld told the court in July that a garage with a "likely cost" of $94 million would generate close to $200 million over 35 years.
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He did not note Miami Parking Authority estimates of a year ago that a garage could cost $150 million and lose the city more than $8 million annually, or June 2008 projections by consultant Jones Lang LaSalle estimating costs of $135 million for 6,000 garage spots.
The judge never saw those numbers and used $94 million and the claim the garage could turn a profit in ruling "that the project met the test of paramount public purpose," Mr. Braman said, making the higher estimates relevant.
I have no idea whether what team Braman says is correct. And I don't have any faith in the Miami Today's reporting on the matter. But I have no doubt that Braman will be a pain in the butt until the stadium is completed, then maybe beyond.
Even if he is right, and I don't think he is. The situation with the stadium, i.e. construction cost, has changed since a year ago. In case anyone hasn't noticed, there is a bit of a recession going on in South Florida.
When a recession happens, governments tend to build things, and correctly so. Of course, I don't believe the local governments saw the recession coming when they approved the measure. But is the right thing to do at this time and obviously, there are other projects that should be enacted besides the stadium.
Short: Braman is a piece of.....uh....well.....let's just say his actions aren't helping anyone, including himself. But yet, he persist.
Have I ever mentioned that Braman, is far from my favorite person?
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Price of construction may have reduced considerably
I bet you concrete, steel, etc. has dropped considerably since the original budget was developed.
by hurricane on
Nov 6, 2008 10:05 AM EST
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costs
Materials, labor and transportation of materials are all probably cheaper now. Financing costs are much higher. Plus the original numbers thrown out there are always too low anyway.
It is true that when times are tough, that is a good time for governments to build.
by elricsi on
Nov 6, 2008 1:11 PM EST
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Braman
Can’t stand the guy. I bought my BMW from Braman in West Palm Beach. If I had known then what I know now, I would have gone to Vista Motors. What is his problem? He should be worrying about other matters and appreciate the value of having a Major League Baseball team in his backyard. I wish they would build the stadium in Palm Beach County or at least Broward, but I can live with Dade if I have to!
by Dr. Jerry on
Nov 8, 2008 12:32 PM EST
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