Louisville Arena Cost Drops
Stadium estimates usually climb during construction, but that’s not the case in Louisville, Ky.
The final guaranteed maximum price for the new downtown arena was recently announced at $238 million August 28, down from $254 million last September.
The Business First of Louisville noted that no elements of the project had been scaled back but that the cost dropped because of a high level of interest in the venue from subcontractors submitting bids, which led to lower pricing for many parts of the arena.
Also, projections of tax-increment financing revenues are ahead of original income estimates.
The 22,000-seat venue is expected to open November 2010.