Price Tag on Omaha Arena Jumps to Nearly $12 Million

uno-arena(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 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.

  • tiredofit

    Just another building project that keeps going up and up and up! When is going to end?? Oh wait— we’ll just throw more tax money at it!!

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