As you well know, there’s a new Yankee Stadium in the works. The price tag simply for clearing the land has skyrocketed! The initial estimate was $128 million. The new estimate is somewhere around $190 million. To do the math for you on that, it’s almost 50% more than expected.

The Associated Press reports:

“Unforeseen environmental problems and other hitches have raised the estimated cost from $128 million to $190 million, parks officials said at a City Council hearing Wednesday.”

Of course, this isn’t your average project. They’ll be creating 28 acres of new parkland. They’re also turning the old stadium into a children’s ballpark.

Price on the actual stadium facility has also increased dramatically. It was projected last year at $1 billion and now sits at $1.3 billion.  Opening date for the new ballpark home is 2009.

One big surprise in clearing the land, according to Parks and Recreation Commissioner Adrian Benepe, was an underground oil tank that they found. This little unexpected gift had to be drained and removed, escalating the price dramatically.

There are no plans to stop or adjust the project. Hopefully it will all be worth it.  Until then, we’ve got a ball season to think about. For purchasing NY Yankee tickets click on the link.

Tags: ball park excavation, ny yankee tickets, NY Yankees

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