January 06, 2009

Chester stadium finance still up in the air?

They've already broken ground for the soccer stadium in Chester, PA, but in this economy, a lot of development projects are ending up just holes in the ground. So it drew attention - okay, attention from the Seattle Post-Intelligencer, for some reason - when Nick Sakiewicz, owner of the as-yet-unnamed Philadelphia expansion MLS team that would play there, said Thursday, "We're not even sure the stadium is going to be built. If the [financial] markets tank next month, then we won't build this thing. We'll be out $15 million and everyone goes home."

Friday, Sakiewicz hurriedly backed away from those comments, telling the Delaware County Daily Times, "The market's fine. We feel that we're in pretty good shape. Every day's a new day, but today we feel pretty good about it." So expect the stadium to go forward, so long as we're not headed into a Second Great Depression or anything. Oh, wait.