Lambrecht is president of InvestmentManagement Inc., which owns a site between North 5thand North 7th streets in Downtown Minneapolis. Heargues that his site would be less expensive--up to$100 million cheaper--than others being consideredbecause it already has nearby parking and publictransportation.
A 40,000-seat open stadium wouldlikely cost from $250 million to $270 million, hesays. Lambrecht made his case to the New BallparkInc. panel, a 17-member group appointed by city andbusiness leaders to study issues concerning aprivately-funded ballpark for the Minnesota Twins.
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