"Land Sale Possible To Fund Stadium
" in Wednesday's Post describes a new possible plan to help fund any potential cost overruns on the new baseball stadium
: "District officials are considering selling development rights on land adjacent to a baseball stadium to the Washington Nationals' new owner or development companies as a way to help cover potential cost overruns on the ballpark project, D.C. Council members said yesterday. [...] Council members said the tentative plan is to sell the rights to develop land within the portion of the 21-acre footprint for the stadium project that will not be occupied by the ballpark itself. The structure is expected to take up 14 or 15 acres. Developers or the new team owner would probably pay tens of millions of dollars for the rights to the land, the council members said, for a chance to build a mix of shops, restaurants and office space." If only someone had floated an idea along these lines back in November
...! Note that this land is not part of the Ballpark District
that the Anacostia Waterfront Corporation has recently named developers
to work on. And, who knows, if potential team owners get a whiff of the possibility that they could buy with that land and develop it (and reap the profits), maybe they'll poke at Bud a bit and pressure him to go ahead and name the new owner. After all, how would you feel if you were the new Nats owner and you never even got the chance to sit at the table when the land right around your new home was sold off to developers?