The estimated cost for the Seattle-Tacoma International Airport’s new International Arrivals Facility has reached almost $1 billion.
The Seattle Times reports that the project is expected to open eight months later than officials had originally planned, in August of 2020.
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Port of Seattle commissioners in 2013 estimated the project would cost $300 million.
On Tuesday, a report by an independent review panel appointed by Port commissioners put the facility’s cost at just over $968 million.
Review panel chair John Okamoto says he is not surprised at the new figure given “supercharged” regional construction costs and a substantial increase over time in the scope of the project.
He doesn’t expect the estimated cost for the facility to increase again.
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Information from: The Seattle Times, http://www.seattletimes.com
