Actions

The projected cost of VCU's new arts building hits $253M

vcu-arts-innovation-building-rendering-2023.png
Posted at 9:21 AM, May 10, 2023

RICHMOND, Va. -- Amid inflation and supply chain challenges, VCU expects it will cost tens of millions more to build the sizable new arts building it’s planning for the corner of Broad and Belvidere streets downtown.

According to a university memo, VCU said the price tag for its Arts and Innovation Academic Building will be $253 million, up from the $181 million budget that was announced when the project was approved by the school’s Board of Visitors in 2019. Click here to continue on Richmond BizSense.

EAT IT, VIRGINIA restaurant news and interviews

CBS6-News-at-4pm-and-Jennifer-Hudson-480x360.jpg

Entertainment

Watch 'The Jennifer Hudson Show' weekdays at 3 p.m. on CBS 6!

📱 Download CBS 6 News App
The app features breaking news alerts, live video, weather radar, traffic incidents, closings and delays and more.