Denver Convention Center Cost Over-Runs

Has there ever been a convention center built that didn't cost more than projected? I guess I don't understand why the cost over-runs are so severe in most of these projects.

Denver is just about done with its new facility, but sure enough, it will cost $40 million more than it was estimated in 1999. That is 15% above the original price tag. We seem to think that is acceptable. It's not. Go here to read more.

Maybe the development industry (construction companies, architects, planners, the trades, real estate developers, others) needs to work on a strategy to get competitive. Yes, there are unforeseen events that delay these projects, including labor strikes, material shortages, building mistakes, and many other sources of risk and uncertainty. And it is also true that public authorities at times really do not know what they want, which extends the timeframe and increases costs.

All this argues for a new approach to ensuring that major public facilities come in "on time and on budget." Everybody needs to do a better job in the department!