Ballpark Long-Term Capital Needs Assessment
Looking toward lease negotiations, the Seattle Mariners and the public owner of its ballpark sought to evaluate the extent, cost, and timing of potential capital improvements that could be anticipated for the 20-year-old Safeco Field.
As part of a structured CapEx process, B&D developed an improvements-to-date or “baseline” matrix that quantified previous levels of capital investment. It was also important to conduct a detailed facility assessment to inspect building systems and coordinate an online survey to understand patron attitudes and preferences.
B&D performed an economic and fiscal impact study to understand public tax revenues and economic activity generated by ballpark operations. This analysis informed the projected return on investment, payback period, and net present value for potential seating changes at the ballpark. Ultimately, these advisory services served as a precursor to lease renegotiations. The Seattle Mariners and the PFD finalized a new 25-year lease in 2019 and are using the capital improvements assessment to ensure the newly named T-Mobile Park remains a first-class ballpark.