Scratch “$390 Million” off the list as the cost of the New Twins Stadium has already gone up, and not by a little, but a lot.
Twins president Jerry Bell declined to give an exact figure on the increase, but said it was a “significant amount”. The reason? The increased price of materials and construction costs. As reported by the St. Paul Pioneer Press:
The Twins have already agreed to pay $125 million of the ballpark's cost, and in October, Twins owner Carl Pohlad contributed an additional $15 million to help settle a dispute over acquiring the property. The ballpark is already well under construction, and on schedule, Bell said, with the first concrete poured on the concourse level this week.
The project faced an extra hurdle, Bell said, when it was discovered that the site, behind the Target Center on the west side of downtown Minneapolis, was once in the bed of the Mississippi River. The soil contains a high amount of silt, forcing construction crews to drill more than 3,000 piles into the ground in order to reach bedrock to anchor the structure [which will be completed in March].
Although the cost will increase, the Twins have no plans to do value engineering – the redesigning of certain aspects of a stadium in an effort to cut costs. Bell said the Twins were committed to the design, and were willing to cover the overruns. “We don’t want to change it.”
(See high resolution latest design renderings of the New Twins Ballpark with mass modeling fly-through animation)
(See cross-section views of the New Twins Stadium and other images)