SBD/December 27, 2012/Facilities

Costs For Renovated Rose Bowl Continue To Soar, But Needed To Stay In BCS Mix

Renovation costs for the Rose Bowl have "climbed to more than $180 million," and that figure does not include $15M "in originally-planned elements that will no longer be built, which would bring the overall cost to around $194 million," according to Jack Wang of the L.A. DAILY NEWS. The fully renovated stadium "won't happen until around 2015 -- well after the 2014 BCS Championship and the 100th edition" of the Rose Bowl game. If the Rose Bowl had not renovated, stadium CEO & GM Darryl Dunn fears it "might have lost out on the BCS bowl rotation, and eventually even UCLA home games." Wang reported the "problem was that no one foresaw a litany of increased costs." From "bid overruns to increased labor costs to missing historical construction drawings, the Rose Bowl Operating Co., which Dunn heads, saw its bills quickly multiply." The stadium's national landmark status also "presented particular challenges." For example, the "berm beneath the press box was considered part of the historic landscape; extra time and money was spent on trying to figure out ways to preserve it." Dunn said that while he "does not regret pursuing the project, he wishes they had established greater contingency." Pasadena City Manager Michael Beck said that the stadium "currently has $134 million on hand designated for construction." An incoming short-term $6M loan from the city "still leaves a funding gap of more than $40 million." Hope for progress is "largely dependent on a plan to borrow from a $30 million bond, which the City Council will vote on Jan. 7" (L.A. DAILY NEWS, 12/23).
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