Denver Airport Project Costs Rise 5-10 Percent, Passing $700 Million

On Monday, airport spokeswoman Stacey Stegman confirmed that overall project costs could grow 5 percent to 10 percent. That could raise the cost of building a hotel, public plaza and train station to as much as $598 million, up from $544 million.

That new estimate does not count $128 million in what the airport calls other, related costs such as new bridges to the terminal and a $54 million dispute with the Regional Transportation District over the train station. Stegman said those costs could increase by $4 million to $8 million as
well.

The latest cost increase would put a project once budgeted at $500 million into a new range of $703 million to $730 million, counting related costs.
"A lot of it has to do with economic conditions," Stegman said. As the economy improved, "labor and material costs have increased."
 

Read the full text of the article at: http://www.denverpost.com/news/ci_25655238/denver-airport-project-costs-rise-5-10-percent

Loading