Inflated Estimate: Superdome Repairs Could Rise To $200M
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Inflation Costs Could Push
Superdome Renovations Past $200M |
The cost of repairing the Superdome after damage caused by Hurricane Katrina could
rise to $200M due to “soaring inflation in the construction industry,” according
to John LaPlante of the Baton Rouge ADVOCATE. Superdome Commission Chair Tim Coulon
said that earlier repair estimates of $125M “are up to as much” as $150M. Coulon:
“It could cost [$175-200M] just basically to get the Dome back in pre-Katrina
condition.” He added that the federal government “will pay 90[%] of that cost,
... so the state must come up with maybe $20[M].” However, Coulon said that the
Louisiana government “must pay all the cost of improvements such as nicer suites.”
Coulon does not expect that Saints Owner Tom Benson “will agree to pay any of
the cost of upgrades.” Meanwhile, Coulon said that attendance at the final two
Saints games played at LSU’s Tiger Stadium, December 4 against the Buccaneers
and December 18 against the Panthers, “will be an important factor in whether
the team plays in a repaired [Superdome] or goes elsewhere” (ADVOCATE,
11/15).
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