DLD 9.8.10 - the cost of old stadia



As many people on this site are looking ahead to a possible new stadium in San Jose, the New York Times has an interesting look at the taxpayer cost of stadiums, such as the old Giants Stadium in the Meadowlands, whose tenants have moved on to shinier digs.

New Jerseyans are hardly alone in paying for stadiums that no longer exist. Residents of Seattle’s King County owe more than $80 million for the Kingdome, which was razed in 2000. The story has been similar in Indianapolis and Philadelphia. In Houston, Kansas City, Mo., Memphis and Pittsburgh, residents are paying for stadiums and arenas that were abandoned by the teams they were built for.

But befitting its name, Giants Stadium is the granddaddy of phantom facilities. Taxpayers in New Jersey, already under pressure from declining local government revenues, this year will pay $35.8 million in principal and interest on the $266 million in remaining bonds for the Meadowlands Sports Complex, which opened in 1976 and includes the Izod Center and a horse racing track. Those bonds will not be paid until 2025.

Jeremy Hermida is now officially an A.

Hermida, 26, had signed with the organization Friday after being released by Boston earlier in the week. He was taken with the 11th pick of the 2002 draft and was a high-profile player his first several years with Florida, particularly when he hit .296 with 18 homers and 63 RBIs in 2007. But his production tailed off the next two seasons before he was traded to the Red Sox in November.

Dale Tafoya, who interviewed Billy Beane a while ago, posted an interview with Art Ortiz, who is portraying Eric Chavez in Moneyball.

The Sacramento River Cats (AAA) will send Clayton Mortenson to the hill tonight in their playoff opener against Tacoma at beautiful Raley Field. Also from that link:

DeFrancesco also hopes slugger Chris Carter, who has been on the disabled list with a sprained left thumb, will be available.

"I think there's a good chance he'll be activated," DeFrancesco said Tuesday.

The Stockton Ports (high-A) start their playoff run tonight against the Nuts at not-so-beautiful John Thurman Field in Modesto.

Some news from Twitter:


   Kouzmanoff says MRI showed nothing serious. He's feeling better but says it's still a day-to-day thing. No timeline.


   New Stew: Trevor Hoffman presented with fine artwork after 600th save


   Some thoughts about Cargo, home and road.


Josh Outman threw a 20-pitch simulated game this afternoon, came out of it well. He'll throw another one Sunday. #Athletics
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