It turns out that the forthcoming stadium for Katy High that earned national attention for its initial $58 million price tag, will cost quite a bit more than that.
As reported by the Houston Chronicle, Katy’s to-be-named new stadium (they’re currently searching for a naming rights partner) will now run a total cost of approximately $70.3 million. The upcharges come via a combination of “stadium-related charges”, per the Chronicle, and have added more than $12 million to a project that had already raised some eyebrows for its expense. The increases also push Katy’s stadium project back into the lead as the nation’s most expensive at the prep level, ahead of a fellow forthcoming project in the McKinney Independent School District in suburban Dallas.
Here’s a more full detailing of which incidents have added unexpected costs to Katy’s project:
In May 2015, trustees agreed to spend about $795,000 from the district’s general operating fund for land clearing at the stadium site. Four months later, they approved spending about $6.9 million more from the 2014 bond to pay for drainage, utilities and road construction associated with the stadium.
Three months after that, the board agreed to spend approximately $2.9 million from “2010 bond savings,” mostly to build out shelf space of the second floor at the stadium’s field house.
Earlier this year, the board made the most recent cost amendment, approving about $1.6 million, again from 2010 bond savings, to improve roads around the stadium, as well as connectivity between the two stadiums.
For their part, Katy officials insist that the cost overruns are natural, and should not detract from the justification for the new stadium as a whole.
“I believe that we are fulfilling what the community asked us for as far as the second stadium,” KISD board president Rebecca Fox told the Chronicle about the stadium and its affiliated costs. “I’ve attended (bond committee) meetings and have heard the desires for the 12,000 seat stadium with the emphasis on not raising the tax rate, and we’ve fulfilled that. We are the only school district of our size with seven high schools and one stadium, so our community understands the need for the second stadium. Over two years’ time, there are added costs that come.”