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WASHINGTON (AP) - D.C. Council chair Linda W. Cropp plans to introduce legislation Tuesday to cap Washington's construction costs for a Nationals ballpark at $300 million as a provision to ensure that a stadium lease is approved.
While the District of Columbia agreed in 2004 to spend $535 million on construction and land acquisition for the stadium, the 13-member council failed to approve a lease by the Dec. 31 deadline, prompting major league baseball to file for mediation.
The city and baseball then reached a revised agreement, which includes a $20 million contribution from baseball for stadium construction. Mayor Anthony A. Williams also negotiated a side deal with construction companies setting a "guaranteed maximum price" for the city at $320 million.
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