Planning fallacy
The Sydney Opera House was expected to be completed in 1963. A scaled-down version opened in 1973, a decade later. The original cost was estimated at $7 million, but its delayed completion led to a cost of $102 million.
Lexington Opera House
Private and public campaigns were established to educate and inform the public regarding the history and tradition of the Opera House's significance to the community. Building inspectors determined that it would be cheaper to renovate the Opera House for $2.5 million than to reconstruct a new building for $7 million. The Opera House was purchased by the city as part of the Lexington Center Corporation and was provided financial assistance from the Opera House Fund, Inc. The fund was developed by local philanthropists William T. Young and George and Linda Carey.