Question
In 1995, a $50 million major renovation project for the 19-year-old Seattle (Washington) Kingdome was completed at nearly $18 million over the initial budget. Several
In 1995, a $50 million major renovation project for the 19-year-old Seattle (Washington) Kingdome was completed at nearly $18 million over the initial budget. Several million dollars in other expenses were incurred during the renovation phase, including payments to the Seahawks football team and the Mariners baseball team for lost revenue because they were unable to play in the Kingdome. If you were on the Seattle city council, what budgetary and economic information would you have requested to determine whether the renovation project was a sound investment? Justify your requests for information.
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