Cavs "Quietly" Sought County Funds For Arena Bettman: Flames Need New Arena Marquette, Bucks Partner On Athletics Center Gillette Stadium Adds Cross Insurance Pavilion NASCAR HOF Sponsors Revenue Plummets Glendale On Pace To Lose $8.8M On Arena Deal OU Prez Says Stadium Upgrades Not Delayed Indy Eleven Unveil Stadium Renderings Wisconsin Gov. Proposes Bucks Arena Funding Inglewood Likely To Vote On Proposed NFL Stadium
Upcoming Conferences and Events
COLISEUM REPAIR COSTS SOAR; FEMA SAYS NO TO NEW ITEMS
Published December 16, 1994
Costs for the repair of the L.A. Coliseum have risen to a projected $92.7M, 50% higher than estimates in September, and two-and-a-half times more than the original estimate. For the first time, FEMA is saying that federal and state earthquake relief funds will not pay for the entire project. Items such as expanded concession areas, steel-reinforced beams providing seismic strength for the current structure and eventual luxury boxes on the stadium's rim are cited as "ineligible for reimbursement." Coliseum Commission President Yvonne Brathwaite Burke said if there are improvements beyond basic repair, "there won't be a government payment, but that's something that has to be negotiated, we don't always believe there has been a betterment." The $92.7M figure is at the point where FEMA would have recommended demolition and construction of a new facility. Harry Ornest, Vice Chairm of Hollywood Park, said a new stadium could be constructed there for $150M. All parties stressed that the decision for repair was made when estimates were lower (Kenneth Reich, L.A. TIMES, 12/16).