Construction costs at Lodi access center increase by $2 million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 16 2025
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Source: Yahoo Finance
Construction Cost Increase: The Lodi access center construction has faced unexpected expenses, leading to a proposed contract amendment with Bobo Construction for over $11.8 million, up from the original $9.8 million.
Funding Sources: Despite the increased costs due to unforeseen environmental issues, the city plans to cover expenses using funds from the American Rescue Plan Act and other housing assistance programs, which have deadlines extending into 2027.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
