LACCD overspent $563 million above the original program-wide project budget, AECOM report reveals
On March 12, 2014, AECOM issued a new report revealing millions of wasted bond money, totaling at $563 million above the original project budget. In addition, $21 million dollars of the bond money was wasted on litigation and attorney’s fees, as well as over $30 million spent due to poor quality construction. Project delays averaged at 5 years during construction.
Investigative reports completed by the State Controller, John Chiang, as well as the City Controller, Wendy Greuel, in August 2011 and July 2012, respectively, have also identified major concerns regarding the way LACCD was managing the program and were very critical of the selection of the Inspector General. LACCD has tried to divert these allegations by wrongfully blaming their misdeeds on the contractors performing the work for the program. This has triggered multiple lawsuits–not only against the bond program, but also against the board members who have contributed to these wrongful actions.
Read the full reports here:
AECOM Report on LACCD Building Program,
Wendy Greuel Letter and Report – July 18, 2012
John Chaing Audit Report – August 10, 2011