Port staff is projecting additional overruns of $85 million to the Middle Harbor Redevelopment Project budget due to construction challenges and underestimated project costs. The Middle Harbor project was already $29.5 million over the original budget of $1.2 billion as of June.
Commissioner Rich Dines pointed out that when the Middle Harbor project was originally pitched, the estimated cost was much less. “Just four years ago, we thought this would be a $750 million project,” he said. “I hope we don’t get to $1.5 billion by 2019, because I think there is a lot of risk for the port in watching the budget continue to increase.”