Climate Pledge Arena will now cost around $1.15 billion to "renovate" and part of that was, according to Tim Leiweke, because the ownership group added certain things for the arena to be NBA ready
“We have continued to add to the building, and there were also COVID-19-related costs,” Leiweke said. “But a lot of it is things we decided to add and do. There were the things we committed to get the arena deal with the city, then the things we needed to do in order to get the NHL franchise. And then there’s the NBA component so we can be NBA-ready if and when the league ever decides to make a team available.”