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Thu June 5, 2014
Rock Cats Ballpark Economics, By the Numbers
There are a lot of numbers that jump out when it comes to the proposed new minor league ballpark in Hartford – the 600 permanent, full-time jobs, the more than 9,000 seats, the 25-year deal, the $500,000 annual rent payment to the city. But there’s also the price tag itself.
Hartford says it is willing to borrow no more than $60 million to pay for the stadium.
There’s a little more context now to that proposed price tag. While the city may borrow up to $60 million, a study performed by the company Brailsford & Dunlavey said it could cost around $50 million: $40 million in hard costs, and another $10 million in soft.
Hard costs include everything from site clearing ($360,607), to excavation ($2.7 million), to structural frame ($7.6 million), to everything else that you’d need to build a ballpark. The soft costs include things like project management, financing costs, permits, inspections, and the rest.
Otherwise, the presentation from February 2014 is short on details that back up a lot of the other economic information introduced this week. We’re working on getting more.
Baseball In Hartford
Minor League Baseball