Cleveland Institute of Art over budget

Continuing a running theme of cautionary tales, the Cleveland Plain Dealer reports that the cost estimates for the new Cleveland Institute of Art are "'well north' of the $55 million budgeted for the project." Apparently initial estimates showed the "large, steel-framed glass structure that arched up and sideways at the center like a gigantic inchworm" could be built within the budget, but a second estimate determined that "required space for ramps added to the building’s size and cost as did the complicated steel framing needed to create the arch." While this will be a challenge for the museum, it is far better to get a realistic budget before construction begins. Pictures are here. (Note: technically, this is not a museum building, it is primarily studio space, but the issues are very much the same.)