Seth Wickersham and Don Van Natta of ESPN.com reported that the cost overruns at the new Rams-Chargers stadium and property in Los Angeles now exceed $3.1 billion. Imagine: SoFi Stadium and the adjoining development was projected to cost $1.86 billion in 2015 and later revised by the Rams to $2.4 billion. The cost now: an estimated $5 billion. And, of course, there could be cost overruns on the cost overruns: Per Wickersham/Van Natta, the parent company of the project, StadCo, calls it “our $6 billion stadium” when speaking to owners and NFL execs.
Here is one way to look at the stunning insanity of that:
• To build AT&T Stadium (Cowboys, in Arlington, Texas), Lucas Oil Stadium (Colts, in Indianapolis) and Lincoln Financial Field (Eagles, in Philadelphia) cost a total of $2.832 billion, total. Which means the cost overruns at the new L.A. stadium will end up being more than it cost to build the shiny and still near-state-of-the-art football stadiums housing the Cowboys, Colts and Eagles.