Proposed Raleigh Stadium Could Get Sacked
Posted January 10, 2007 8:03 a.m. EST
Updated January 10, 2007 10:25 a.m. EST
The original site was at Rock Quarry Road and Interstate 440, where a flea market is now. However, there is now concern the property does not have 50 acres of land that could be developed at a profit to offset costs.
Raleigh leaders originally thought the project would cost $15 million to $20 million. The estimate is now $35 million.
Mayor Charles Meeker said other funding would have to be located in order for the project to go forward.