The Department of Defense and its interagency partners have updated their perspective cost estimates for the parade, according to a U.S. defense official with firsthand knowledge of the assessment. The official spoke on the condition of anonymity.
The parade, slated for Nov. 10, is estimated to cost $92 million, the official said. The figure includes $50 million from the Pentagon and $42 million from interagency partners such as the Department of Homeland Security. An initial estimate last month pegged the prospective cost for the parade at $12 million.
A Pentagon spokesman said in an email to CNBC that the Defense Department expects to make an announcement soon, but he would not comment further. The White House referred questions to the Defense Department.