NYT story: “state of the art” soccer field is in progress. Initial cost estimate is $210 million. Current projected cost is $1.4 billion. Primary sponsor has pulled out of the project, leaving local government entirely responsible for the cost.
Punchline: the soccer stadium is in St. Petersburg. As in, Russia.
(Subject line hattip: if you’re not reading the “Field of Schemes” blog, why not?)