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Costs Already Rising On Wizards' Planned $55M Practice, Entertainment Facility In DC

DC's sport and convention arm, Events DC, is "proposing a series of upgrades" to a planned Wizards practice facility and entertainment center project that would "likely reduce the total number of seats" but add $10M to the original $55M price tag, according to Jonathan O'Connell of the WASHINGTON POST. Events DC President & CEO Gregory O'Dell on Tuesday in a letter to DC Council Chair Phil Mendelson wrote that the original $55M budget was "based on a preliminary estimate, as development and analysis of the program and concept design had not yet been performed." O'Dell provided Mendelson with a revised budget of $65M, including $7.5M to "reconfigure the arena to have a 'split-bowl' design" and $2.5M for "contingencies such as meeting historic preservation guidelines and variable construction costs." The 118,000-square-foot venue, designed by DC-based architects Rossetti and Marshall Moya, would have a "minimum of 4,200 seats, down from 5,000 originally planned." The new spending would be paid for by Events DC, which is "funded by a percentage of hotel occupancy taxes." It "does not require approval" by the DC Council but will have to be "voted on by the Events DC board Aug. 11" (WASHINGTON POST, 7/29).

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