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Nats Owners Attack D.C. Parking Plan

Under a deal it signed with Major League Baseball, the city is paying for the stadium project and must provide 1,225 parking spaces by the stadium's opening. To meet the 2008 deadline, construction has to start about Labor Day.

By putting 925 of the required parking spaces inside two condominium towers on two adjacent lots on the north side of the stadium, the city is counting on Miller to complete construction by the deadline.

VIDEO | Nationals Spring Training

If the project falls behind schedule, the city and the Nationals will face steep financial penalties. The District has sold more than $535 million in bonds to finance construction of the stadium, and any delay makes it vulnerable to lawsuits from investors.

The District also could be forced to pay penalties to the Nationals. The city's chief financial officer, Natwar M. Gandhi, has estimated that the District could lose $30 million if the stadium is delayed by one season, and it risks an additional $50 million in legal damages.

Lerner, who paid $450 million to buy the Nationals from Major League Baseball, would also lose millions in revenue from the gate and from sponsors if the stadium and parking lots are not open on time. Baseball chose Lerner two months ago to be the new owner of the Nationals from among eight bidding groups, and ownership is expected to be officially transferred from MLB to Lerner this month.

The Nationals echoed the concerns of Gandhi, who told the D.C. Council this week that he could not certify the Miller plan as financially sound because the developer lacked a financing agreement from a lender, title insurance to the property and a number of other basic requirements.

Miller, who met with members of Gandhi's staff yesterday and will visit them again Monday, is scrambling to assuage all concerns about the project. "We have the money to build, and we are prepared to meet all the requirements of the city," Miller said.

One skeptic Miller has yet to win over is Lerner, who must approve Miller's design plans.


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