Sarah Talalay weighs in on the Wall Street Journal article.
The first part in the blockquote is to refresh to your memory.
"Everybody is a little skittish right now," added Ms. Sorensen, who has always opposed the project. "It's going to be a tough sell to the public to approve something like this." "We have to wait until the market stabilizes," he said. The Marlins declined to comment. Bruno Barreiro, the county commission's chairman and a supporter of the project, said he hopes to submit a final deal for a vote in coming months, but he acknowledged that securing financing for the project might take a while. Sure the economic crisis will affect the price of the proposed $515 million stadium, but it wasn't unexpected the cost would go up, given the ongoing delays. (Some have always believed the price was much higher anyway).
I'm not completely sure that the cost of the stadium will necessarily go up. Or at least, in terms of construction cost. When there is less private construction taking place the price of concrete and steel tends to decline. Another way to put it, if the construction of the stadium doesn't have to compete with the building of new condos it also doesn't have to compete to get the raw materials to build the stadium.
Oh, one thing I meant to mention the other night is that the building of the stadium won't need "a tough sell to the public to approve something like this." A vote will never go before the public. That is, unless the Florida Supreme Court reverses itself, once again.
I really don't think the court will. But there are other problems afloat.
I'm told county, city of Miami and Marlins officials continue to negotiate definitive documents spelling out the details of construction management, non-relocation and other agreements. It's always been known receiving the nine county commission votes needed for each of those agreements will be an uphill battle, regardless of the economy.
It don't come easy.