Overview

• The City Council authorized $990 million in bonds, bringing the financed cost to about $3.06 billion including interest and fees, with payments scheduled through 2058.
• Construction is slated to begin in October with an Olympic-ready deadline of March 31, 2028, a pause during the Games, and full completion targeted for 2029.
• City officials set aside a $566 million reserve to manage cost overruns and risks related to materials, utilities and delivery.
• The project links the West and South halls over Pico Boulevard, adding roughly 190,000 square feet of exhibit space, nearly 40,000 square feet of meeting rooms and about 95,000 square feet for a multi-purpose space.
• Supporters cite nearly 9,000 union jobs and 1,600 apprenticeships, while dissenting councilmembers and the city controller warn of pressure on core services and potential relocation costs if the 2028 deadline is missed.