In early 2014, the mega-theater, capable of hosting traveling Broadway shows, was estimated to cost $116 million. That number was upped to $119 million by the time construction began in June 2014.
At that point, officials said $24 million would come from private contributions, leaving $95 million from public funds. The largest chunk of public funding about 70 percent will come from property taxes earmarked to retire the debt on the Salt Palace expansion and for land under what is now called the Vivint Smart Home Arena.
On the private-funding side, the Eccles Foundation, alone, donated $15 million in exchange for naming rights.
This week, Adams said, the RDA has upped its target to $36 million in private donations an increase of $12 million.
The additional costs, Adams said, are due to upgrades in lighting and sound, as well as increased costs for construction and materials.
"Where we are is pretty impressive," Adams said, regarding the project timeline and funding.
The theater's grand opening is slated for the third week in October, said senior adviser Katherine Potter. The details of the grand opening are still being worked out. The first show is scheduled for mid-November, Potter said, although it has yet to be identified.
"The Lion King" is expected to play at the Eccles Theater in spring 2017.