The original Dolby (formerly Kodak) Theatre, host of the annual Oscars award show, cost a mere $94 million to build in Los Angeles, CA in 2001. Today, the same 180,000 s.f. facility would cost a whopping $174 million to construct in L.A., when accounting for 17 years of inflation and increased construction costs – but not including the cost of the ludicrous install of 215 Dolby Atmos speakers in 2012 (cost unknown). As A (and B) list celebs walk the red carpet, take a look at what it would cost to rebuild the 3,400 seat theatre across the U.S.
Recreating an Academy Awards landmark today
•New York – 118% more than the original cost
•Los Angeles – 85% more than the original cost
•Houston – only 38% more than the original cost