Adelson Ready To Walk Away From Raiders Plan Developers Exploring Arena Near Scottsdale Facility Notes Hansen Group Offers To Fund Seattle Arena Privately Chargers Have L.A. Options If Ballot Measure Fails Yankee Stadium Adding Social Gathering Areas Plans Revealed For Phase II Of Ballpark Village Sources: Fortress Backing Lott-Raiders Group Facility Notes San Diego Voters Still Skeptical Of Stadium
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).