· Related development
Estimates rise to $48.4 million, then $44 million, for a Class AA ballpark
A consultant presentation put the cost of a ballpark built to Class AA specifications at up to $48.4 million, including a $3.8 million contingency. In April 2016 a $44 million estimate was reported, with about $36 million expected from hotel occupancy taxes under a staff proposal to the LGC.[1][2]
Elisha DemersonMark NairMichelle BonnerAmarillo Local Government Corporation (LGC)
What the sources say
- ✓ Verified
In March 2016 a Brailsford & Dunlavey presentation put the cost of a ballpark meeting Class AA specifications at up to $48.4 million, including a $3.8 million contingency, compared with the $32 million estimate for an independent-league ballpark.[1]
- Estimate
- $48,400,000
- Contingency
- $3,800,000
- Prior estimate
- $32,000,000
- ✓ Verified
Councilmen Elisha Demerson and Mark Nair: Councilman Elisha Demerson said, 'Given the cost-benefit analysis you made … I would like to at least explore it.' Councilman Mark Nair said, 'I struggle with spending more than we told the public.'[1]
- ✓ Verified
Michelle Bonner, Assistant City Manager (proposal): In April 2016 the ballpark estimate was reported at $44 million including street and infrastructure work, with about $36 million expected from hotel occupancy taxes and an approximately $8 million gap partly covered by city funds set aside, under a proposal Assistant City Manager Michelle Bonner presented to the LGC.[2]
- Estimate
- $44,000,000
- Hot
- $36,000,000
- Gap
- $8,000,000
- ✓ Verified
The City's published hotel occupancy tax table lists a 6% state rate, a 7% city rate and a 2% Amarillo-Potter Event Venue District rate (15% total) for each fiscal year from 2018-19 through 2023-24, and the City's hotel tax page gives the same 7% city rate plus 2% for the venue district. No fetched source records a council vote changing a hotel tax rate for the MPEV; the April 2016 funding plan that described a raise in the local hotel tax is recorded in this storyline as reported. [3][4][2]
- City rate
- 7%
- Venue district rate
- 2%
- Total rate
- 15%