The South Dakota Board of Regents Building Committee has approved plans that set a $65 million ceiling on costs for a new football stadium at South Dakota State University.
Committee members voted unanimously via teleconference Monday morning.
The project had been expected to cost $65 million. It includes about $10 million for design and other "soft costs." There are also various contingency funds built into the projection.
Officials say the cushion is necessary considering the long, 26-month contract and possible labor costs.
Once the bids are finalized in early 2015, the board will know if it can fund any of four alternate projects. The alternates cost about $1.5 million total and include a locker room and additional concession stands.
Donors and bonds will cover most of the stadium cost.
Most Popular Today
Historic Sioux Falls Building For Sale
Sioux Falls Named 41st In Best Small To Midsize Cities List
- 3.Your Money Matters
Committee Gives Final OK To Rest Stop Rule Changes
Monday Afternoon Business Brief
Tuesday Morning Business Brief
Tuesday Afternoon Business Brief
- 8.Health Care
Popular Understanding Grief Education Classes Start in October
Ceremonial Groundbreaking For Community Indoor Tennis Center
Study: Nearly 1.8 Million Iowans Gambled Last Year