The tag on the Trop: $233M and climbingBy Aaron Sharockman, Times Staff Writer
Published Saturday, March 8, 2008 5:50 PM
To thunderous applause, the St. Petersburg City Council took a historic leap on a hot summer day 22 years ago.
The city would build a domed stadium for baseball. The cost to taxpayers: $85-million.
"Great ventures have never been undertaken without some risk," then-council member J.W. Cate said moments before green-lighting the project.
Today, the price of the stadium has almost tripled, according to a St. Petersburg Times examination of city and county records.
And the bill, which now is at least $233-million, will rise to $323-million by 2016 whether or not a new stadium is built.
The detailed analysis, compiled from 20 years of city budget and financial statements, is the first attempt to calculate the true local contribution to lure Major League Baseball to Pinellas County.
The numbers have no direct effect on the Tampa Bay Rays' proposal to build a new $450-million waterfront ballpark. The money is gone, or will be, and it all was budgeted before Mayor Rick Baker took office in 2001 or the Rays new ownership group took over in 2005.
But the costs raise questions about how much taxpayers should be on the hook should negotiations toward a new stadium continue....
full story at:
http://www.tampabay.com/news/localgovernment/article414158.eceAaron Sharockman can be reached at
asharockman@sptimes.com or (727) 892-2273.