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Wednesday, July 08, 2009

Matt Welch Skewers The Marlins New Stadium

I always wondered what the justification for the new Marlins stadium was. Noting that the price tag will ultimately come to around $2.4 billion (from a current estimated cost of $515M), Welch writes that it doesn't make a lot of sense for Miami:
Particularly since A) the team has spent (if I'm not mistaken) less on payroll the past four years than any other major league team, a combined $104 million from 2006-2009, and not surprisingly B) has produced inferior (if occasionally promising) product, going 17 games under .500 during that stretch, even though C) Picasso-owning, 7,000-square-foot-Upper-East-Side-apartment-living team owner Jeffrey Loria has seen the value of his franchise rise to an estimated $277 million since he bought it for $158 million in 2002.


I agree. I have never understood how you can justify giving Jeffrey Loria additional monies when he currently (or at least recently) has been receiving more money in revenue sharing than he was spending on player payroll.
Not to mention that south Florida is one of the hardest hit areas in the current economic crisis and there are thousands of people losing homes and jobs..... :/

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