Fri September 20, 2013
Cost of new UNO arena rises almost $12 million
OMAHA, Neb. (AP) — The price tag for the University of Nebraska at Omaha's new arena has gone up nearly $12 million, and officials are blaming rising construction costs and design revisions.
The Omaha World-Herald reports that the cost of the arena being built at 67th and Center Streets has jumped to $87.9 million. It had been $76.3 million.
Erin Owen, director of university communications, says UNO intends to pay for the $11.6 million in additional costs with $4 million more in bonds, $4 million more in private donations and $3.6 million in university funds.
UNO planned to ask the University of Nebraska Board of Regents to approve the revised cost and a financing plan that asks permission to issue up to $73 million in bonds.
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