Everett's possible new stadium has a possible price tag

EVERETT — After years of planning and design work, Everett officials painted the clearest picture yet on Wednesday of the possible costs of a new city-built outdoor stadium to host professional baseball and soccer teams.

City staff are targeting a total budget of $82 million for property acquisition, design and construction of the stadium.

It’s a lower number than preliminary estimates a city fiscal advisory committee presented to the council last year. At that time, the committee estimated a stadium could cost between $84.4 million and $114.6 million, with another $18 million set aside for property acquisition.

Under current plans — which are still subject to change — the city would put forward about $7.25 million of one-time funds toward the $82 million project to build it, about 9% of the stadium’s total cost. That’s more than the $4.4 million in one-time spending the fiscal advisory committee first pointed out as a possible funding source in its preliminary recommendation.

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