Two baseball stadium
-related stories in today's Post
: "Stadium Estimates Still in Ballpark
" reports that DC is still beneath the $165 million cost cap for acquiring the 14 acres of land in the stadium footprint, despite an increase of $18 million in the amount the city expects to pay for the land. Letters with the city's offers will go to out to the 33 landowners on Tuesday, according to the article; the owners will have 30 days to negotiate, and after that the city can take the land through eminent domain. The plan is still for the city to control all the land by the end of the year, so that construction on the stadium can begin in March 2006 for a scheduled opening in 2008. I was interested to see this tidbit: "By law, the city can make offers based on property values that do not take into account plans for a stadium," which will keep prices well below those for properties near (but not on) the stadium site.
Which brings us to article #2, "Monument Realty Buys Coveted SE Site," describing the purchase of a small lot at N and Van streets (right across the street from the stadium site, in the "stadium district") for $3 million, as part of Monument's assembling of acreage for a 750,000-square-foot office / retail / residential project. UPDATE: Washington Business Journal adds a bit of info.