Lerner Buys Washtington Nationals

The recent purchase of the Washington Nationals by Ted Lerner and his associate Kasten will bring a new beginning for the team and the city. With the price reportedly $450 million and an upcoming $611 million project in March, does the investment seem extravagent? The plans of the project include building a new state-of-the-art stadium for the team to be completed in March of 2007. As we learn in class, building projects time-after-time are underestimated, do you think this will be the situation with the Nationals? We've also had a lot of discussion about the effects of bringing new buisness and contrustion into major cities; do you think building the new stadium will positvely affect the city of Washington? What kinds of opportunities and benefits can this bring to the city? What are some possible negative effects it could have on the economy? Do you think that city morale outweighs city profit?