Los Angeles city officials have bumped up the cost projections by $40 million for a new wing on the Los Angeles convention center planned in conjunction with a proposed National Football League stadium.

Two city officials told the Los Angeles Times that the increased costs are a result of design changes, including plans to add a 45,000-square-foot ballroom to attract more lucrative national conventions.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.