Falcons Stadium Will Cost $200,000,000 More Than Originally Planned

Falcons President Rich McKay  told the Georgia World Congress Center stadium development committee meeting on Monday the new stadium will now cost a paltry $1,200,000,000, just a mere $200,000,000 more than originally expected.

According to The Atlanta Business Chronicle the increase is due to “challenges with the site and challenges of having an open air stadium that can be climatized.”

The already infinitesimally small odds that the Stadium would generate the economic impact Hizzoner Mayor Reed et al claimed have now grown even smaller.

16 comments

  1. Ellynn says:

    A HVAC system change is going to increase the price of a building by 20%…? Really?

    In all likelihood the price change is reflective on the stadium being priced before a lead architecture firm was hired (happened in the spring of 2013), and without regard to the state building and fire code change after January, 2014. There is no way a construction set of plans is going to make it into the city building inspector and state fire marshal office by the end of the year. The building alone switched from a 110 wind zone to a 120 zone (that means more steel cost), plus its a building of refuge – so it has to meet all the requirements for a high risk shelter.

    The current state energy code has been in effect since 2011, and is not changing. That means the same weather seals, same SHG, same U-facters. Same air handling loads, same commissioning requirements and same insulation minimums. Where is the line items from the construction manager at risk, so we can see where this ‘climate change’ is coming from…?

      • Still higher price would seem to be generating larger economic impact, at least for the people who work on the construction job. I know that’s not what you meant, but at least in this case taxpayer money is going back in to the economy via a public works program (basically).

        • Ellynn says:

          It takes the same amount of people and cranes to move a W12 X 65 as it does a W10 x49 steel beam. Extra cost does not always mean more hours or manpower worked going into a project. Materials come in at some point.

  2. John Konop says:

    I see this all the time the issue with projects in business via overruns, it is way more common than uncommon. Especially now with combining the IT issues with the building being way more complicated…..And this project is space age……

    ………..Cost overrun is common in infrastructure, building, and technology projects. For IT projects, an industry study by the Standish Group found that the average cost overrun was 43 percent; 71 percent of projects were over budget, exceeded time estimates, and had estimated too narrow a scope; and total waste was estimated at $55 billion per year in the US alone.[1]

    Many major construction projects have incurred cost overruns. The Suez Canal cost 20 times as much as the earliest estimates; even the cost estimate produced the year before construction began underestimated the project’s actual costs by a factor of three. The Sydney Opera House cost 15 times more than was originally projected, and the Concorde supersonic aeroplane cost 12 times more than predicted.

    The Channel Tunnel between the UK and France had a construction cost overrun of 80 percent, and a 140-percent financing cost overrun……….

    http://en.wikipedia.org/wiki/Cost_overrun

    • Ellynn says:

      If it’s before the contract start date, it’s an pre-bid cost increase. If it while under construction, it’s a change order.

  3. saltycracker says:

    Cost overruns are typical in public projects but in this case Blank gets the overrun…No, fine print exceptiins or not exactly situations, right ?

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