According to a draft document filed with the Ohio Cultural Facilities Commission, the projected cost of the new Lucas County arena is $108 million.
The OCFC is holding about $5 million in state dollars for the project, but does not release their funds until final financing plans are filed with the agency and approved by their board.
Estimated costs include:
$ 74,202,369.00 for design and development
$ 19,835,400.00 for General conditions
Total of above construction costs: $ 94,037,769.00
$ 5,650,000.00 for Architect fees
$ 385,000.00 for Demolition and Remediation of Buildings
$ 363,877.00 for Testing
$ 2,187,000.00 for Lucas County general conditions like waste, utility, legal notices, etc...
$ 1,554,100.00 for Professional Services including legal, consultants
$ 4,000,000.00 for project/owner contingency of 5%
with Total Expenditures estimated to be $108,177,746.00.
Still no word on where the county will get another $28 million to cover the extra costs ....