When McKinney school officials fought back against headlines proclaiming their forthcoming stadium as the nation’s most expensive, they didn’t foresee the price tag inflating by another $7 million … in just three months.
As reported by the Dallas Morning News, a work study meeting revised the expected cost of the new McKinney stadium and adjacent events center to a grand total of $69.9 million. The increase in price is a remarkable 11 percent rise in just a quarter of a year, and predominantly reflects a rise in construction costs, in particular a 50 percent increase in the going rate for concrete. There is also allegedly an increase in the cost of road construction around the site brought on by the district’s decision to complete all support roadways in one push rather than multiple phases.
Perhaps the only comfort for McKinney officials is that they are distinctly not alone in the fight against escalating costs.
The Morning News reported that Katy’s impending stadium recently saw it’s sticker price rise $4.5 million due to cost overruns, while Frisco’s Toyota Stadium, which hosts FC Dallas as well as high school football, is scaling back planned improvements due to escalating construction costs.
All of those factors are understandable, though that doesn’t mean it will make McKinney officials feel any more comfortable with hosting a $69.9 million facility. Or, as a stunned McKinney ISD Board President Bobby Amick reportedly said during the work study report: “What happened?”