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Facilities

Cost For Little Caesars Arena Rises By More Than $100M Amid Talk Of Pistons Move

Detroit officials said that the cost to build Little Caesars Arena has risen by $105M to $732.6M, and it is "unclear if any of the increase is because of a possible move" by the Pistons to "share the venue" with the Red Wings, according to a front-page piece by Louis Aguilar of the DETROIT NEWS. Downtown Development Authority officials said that its revised estimate "doesn’t mean there have been massive cost overruns." Nor does it mean the city or taxpayers are "on the hook for additional expenses." Officials said that the increase is "mainly because of more specific prices paid for such things as materials, permits, design refinements, subcontractor agreements and other costs that were expected to rise in building the state-of-the-art venue." City documents state that the revised estimate "reflects updated 'soft costs,' such as amounts signed with various subcontractors, material prices, permit fees, insurance and a host of other details." The amount also "includes costs for some city-owned land for a parking garage and a park -- all of which are part of the arena." Neither the city nor Olympia Development would publicly comment on whether the new total provided by the city "has anything to do with changes that would have to be made if the Pistons move their home court from the Palace of Auburn Hills" (DETROIT NEWS, 11/8). In Detroit, Rod Beard notes Pistons Owner Tom Gores last night "updated the progress of the talks" to move to downtown Detroit, but "didn’t have much to report." Gores said, "No change; we’re very close." He added, "We’re making progress. In the next few weeks, we’ll know for sure" (DETROIT NEWS, 11/8).

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