SBD/March 10, 2011/Facilities

Amway Center Construction May Be As Much As $10M Over Budget

Magic agreed to cover any unexpected construction costs for Amway Center
Amway Center "could cost as much as $10 million more than its original $480 million price tag," according to Damron & Schlueb of the ORLANDO SENTINEL. The final tally on Orlando's "most expensive public building still isn't finished," but officials acknowledge that the Magic's new home is "over budget." Magic President Alex Martins said that the arena is "expected to cost $2 million to $10 million more than planned." City officials "aren't worried, though," because Magic officials have "agreed to cover any unexpected construction costs." As a result, "taxpayers aren't on the hook for the extra expenses." Team officials said that "standard construction revisions, such as efforts to make the facility more concert-friendly, would explain why the arena is expected to break its budget." Amway Center is "just the first of three community venues approved by city and county leaders" in '07 as part of a larger $1.1B venues plan. Supporters are "still struggling to find ways to build" a new $383M performing arts center and add $175M in Citrus Bowl upgrades. Cost "over-runs at the arena, where construction was widely viewed as well-managed, could make public officials even more skittish of the financing plans for the other two venues" (ORLANDO SENTINEL, 3/9).
Return to top

Related Topics:

Facilities, Orlando Magic

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug