My dad sends this all too predictable item from the Indianapolis Star, regarding the Colts’ taxpayer-funded football stadium:

Seven months into construction of the Lucas Oil Stadium, building officials already have drained half of the contingency fund set aside for unexpected expenses.

So far, $26.4 million of the stadium’s $50 million contingency fund has been used for bids that came in higher than expected and for contaminated soil found during excavation, according to budget data released at this week’s meeting of the Indiana Stadium and Convention Building Authority.

The total cost of the stadium has already been bumped up from original estimates, several times.

This entry was posted on Friday, April 14th, 2006 at 12:11 pm by Radley Balko and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.