Overall Estimated Project Costs to build out proposed Civic Center wetlands include:
Land Acquisition Costs
(for entire project/est. 90.39 acres)
Malibu Bay Company land $31-$40 million
Other Civic Center owners $ 30.45 million
Lagoon expansion land $33.0 million
Total land cost $95million -$104 million
Excavation & removal of dirt (for the three wetland lakes)
Cost $6 million
Buildout of parking, paths, public amenities (for 90 acres)
Cost $17.2 million
Building culvert under PCH/ so Lagoon and wetland mix
Cost $7.0 million
Construct berms and drainage/ to handle flooding
Cost $2.0 million
EIR/EIS (environmental reports) $250,000
Unknown/unanticipated costs $5 million -$10 million
Soft costs (approx 20-plus percent of project cost)
(design, architecture, engineering $30million
legal, permitting, consultants, etc)
Overall total costs (minimum estimate) $162 million – $176 million