May, 2008: Province (of British Columbia) announces upgrade to BC Place, including seat replacement, renovations to washrooms and concessions, and the replacement of the Teflon covering with a new retractable roof – total cost estimated at $150 million.
November, 2008: Province Treasury Board approves PavCo’s $365 million business case for all renovations noted above, with an estimate given by PavCo’s David Podmore that it will cost $200 million for the retractable roof alone – the approved business case is over $200 million higher than the original estimate of only 8 months prior.
October 23, 2009: Province reapproves PavCo’s revised business plan at $365 million, but only a month later a fixed-price contract to replace the roof (none of the other work is included) with Poole Construction is signed for $468 million(*) – the roof work alone is suddenly $268 million more than Podmore’s $200 million estimate of only 11 months earlier.
Note: Nearly $100 million in renovations have been reported completed prior to the Olympics, including both a seismic upgrade of BC Place, and reinforcing the concrete ring around the lip of the stadium to ensure the weight of the new roof would be properly supported. These large structural upgrade costs would, therefore, NOT be included in the fixed $468 million work contract with PCL.