SEATTLE (AP) — Port of Seattle officials say the expected cost of the new International Arrivals Facility at Seattle-Tacoma International Airport has swelled since August by a $40 million and now stands at $830 million, or 21 percent higher than originally estimated.
The Seattle Times reported Wednesday that officials announced at a Port Commissioners meeting that the project is running five months late and is now not expected to open until February 2020.
The original adjusted estimate of the project’s cost was $684 million.
According to a list of added costs in the Port’s memo, the largest budget-busting items — $86 million out of the total $146 million overrun — were attributed to contractor Clark Construction initially underestimating its design costs, failing to design to the adjusted budget and misjudging airport building-code requirements.
Clark representatives didn’t attend the meeting and couldn’t be reached for comment.