Quote:
Originally Posted by You Need a Thneed
They go to an architect and say we are aiming for a project that costs $450M. Architect roughly designs the building. Building is priced. They find out it costs more than the original $450M.
It should also be said that the Oilers already cut some stuff to get down to this new number that's still more than the $450M budget.
So they are already over budget before starting, and that doesn't include potential overruns when construction actually starts. Usually there would be a contingency fund built into the budget to cover such stuff, but I don't know whether that's been included yet or not.
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That just sounds like a disaster.
They've already coughed up $125M on a $450M project which is already $40M overbudget, is missing $100M entirely, has $125M from a ticket tax with questionable financing and no agreed coverage for cost overruns.
You know they'll get put on the hook. This thing is going to end up as some half-assed, mafia contracted paper mache monstrosity.