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District of Columbia: Status of the New Convention Center Project

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Report Type Reports and Testimonies
Report Date July 15, 1998
Report No. AIMD/OCE-98-238
Subject
Summary:

The Washington Convention Center Authority (WCCA) is proceeding with efforts to build a new convention center at Mount Vernon Square at a cost WCCA officials estimate to be $650 million. This estimate has not changed since GAO reported on this project in September 1997. However, GAO's latest review identified an additional $58 million in project costs that--because WCCA expects them to be funded through federal grants or moved into future operating costs--are not included in WCCA's total project costs. These costs raise the project's cost estimate to $708 million, excluding reserve requirements and financing costs of $138 million. GAO summarized this report in testimony before Congress; see: District of Columbia: Status of the New Convention Center Project, by Gloria L. Jarmon, Director of Accounting and Financial Management Issues, before the Subcommittee on the District of Columbia, House Committee on Government Reform and Oversight. GAO/T-AIMD/OCE-98-239, July 15 (11 pages).

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