Toyota Stadium Renovations $15M Over Budget

National Soccer Hall of Fame -- Toyota Stadium

Toyota Stadium renovations and a new National Soccer Hall of Fame came in $15 million over budget, but FC Dallas ownership says they’ll cover the cost overruns on the $40-million project.

The stadium plan has changed a few times based on cost estimates and available funds, but it looks like things will settle in with the project sporting a $58.4 million final budget. The goal, according to FC Dallas president Dan Hunt, was to create a world-class, noteworthy facility, and that’s what happening in this case — leading FC Dallas to cover the overruns.

The overruns will be covered by an additional $1 million in rent paid annually by FC Dallas. From the Dallas News:

Fans saw some of the early changes at FC Dallas’ home opener in March. The improvements include two huge high-definition video boards, a new audio system, four new private suites, a club suite for larger groups and a new Winners Club by WinStar World Casino and Resort.

“It’s head and shoulders above what it was before,” Frisco City Council member Tim Nelson said.

Still under construction is the revamped south end of the stadium that will include new locker rooms with separate field-level tunnel entrances, more club seats with a patio area and a new team store. Hunt said two more giant video boards will be added to the south end.

The Hall of Fame is expected to be fully opened with an induction ceremony in the fall of 2018.

Renderings courtesy FC Dallas.

RELATED STORIES: Toyota Stadium Renovations Taking ShapeNational Soccer Hall of Fame Construction Continues; High Bids Lead to Redesign of Toyota Stadium Upgrades; FC Dallas stadium upgrade plan unveiled

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