STADIUM COSTS SOARED TO $43M

 

NASSAU, Bahamas — The Andre Rodgers Baseball Stadium is a waste of taxpayer money that will “never pay for itself”, a Cabinet minister admitted yesterday, amid steps taken to prevent a near-tripling of costs, The Tribune reported  September 6.

Desmond Bannister, minister of works, told Tribune Business that the Government was aiming to cap construction costs at “about $30m” rather than the $43.014m full scope of works to limit the Bahamian people’s financial exposure.

This newspaper has obtained internal Cabinet documents that reveal the Christie administration’s initial $16.5m “estimated project cost” threatened to increase by 160 percent – almost three times’ higher than the original budget. http://www.tribune242.com/news/2018/sep/06/stadium-costs-soared-43m/