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Photo credit: Populous
It looks like the City of LA will have to fork over more cash to pay for the upcoming redesign of the LA Convention Center.
A new report from LA City administrative officer Miguel Santana says the plan will cost $720M instead of the initial $470M estimate.
However, if a private developer were to fund the project and expand it to allow for a hotel, retail space and residential, it could cost more than $1B, according to LA Downtown News. Miguel has proposed having the city use a public-private partnership.
A design from an architectural team of Populous and HMC Architects was chosen for the $470M project.
City officials are considering which option to pursue. [LADN]
