Braves Stadium Financing Delay Saved Cobb Money
by Dan Klepal; Staff August 2015
Cobb County will borrow $376 million for construction of SunTrust Park and make annual payments of $22.4 million on that debt --- about $1.6 million less than originally anticipated by county leadership.
UNM Hires Former State Employee to Oversee Budget
by Mark Smith August 2015
The University of New Mexico has hired a new administrator to help oversee the athletic department budget.
Savings and Risks in Fast-Tracked Construction
by Oliver Snider August 2015
Last time I wrote, we talked about owners’ adjusted expectations of the building process when fast-tracking a construction project. What, exactly, accounts for the potential money savings in a fast-tracked process?
A building that is fast-tracked by adding workers to the project, working overtime or working outside in adverse weather conditions (such as through the winter months) may well end up costing more. These are situations associated with a project that has fallen behind schedule and on which the contractors are playing catch-up. However, for properly handled fast-tracked projects, where a shorter schedule is a result of pre-construction planning, savings can accrue by limiting overhead costs for the firms involved in completing the project and leading to more-generous financing terms. Also, depending on the circumstances in the broader economy, a shorter schedule can also ease the impact of inflation on the overall project budget.
Salt Lake City Leaders Slash $150M Park and Rec Bond
by Christopher Smart, The Salt Lake Tribune August 2015
There will not be a $150 million recreation bond on Salt Lake City's Nov. 3 ballot. A $99.8 million general obligation bond, however, could be put to voters.
Wellness Center, Staff Raises Part of $6.1M Park Budget
by LEANN ECKROTH Bismarck Tribune August 2015
The Mandan Park Board approved this week a $6.1 million preliminary budget that will provide funds for dismantling infrastructure to make room for a Family Wellness Center next to Raging Rivers.
Millions at Stake in Vikings Stadium Cost Feud
by Rochelle Olson, Star Tribune August 2015
The amount involved in M.A. Mortenson's dispute over costs at the new Minnesota Vikings stadium - $15 million - equals the amount the company stands to collect for completing the $1.1 billion project on time.
Blackhawks Practice Facility Deal to Net City $16.3M
by Fran Spielman August 2015
Cash-strapped Chicago will net $16.3 million from the deal that will bring a Blackhawks practice facility and new academic buildings for Rush University Medical Center to the site of the soon-to-be-demolished Malcolm X College.
$30M Soccer Complex Coming to Atlanta?
by Mark Niesse; Staff August 2015
Supporters of a proposed $30 million soccer complex in DeKalb County say it could be a boon for the local economy, but some commissioners are warning that many of their constituents aren't on board with the plan.
Sports Complex Plans Stall as Tax Hike Talks Tabled
by Lawrence Budd July 2015
The construction of a $10 million sports complex on 88 acres outside Lebanon hinges on more than an increase in Warren County's lodging tax.
UT Chattanooga to Give Basketball Players $2K Stipend
by Jay Greeson July 2015
University of Tennessee at Chattanooga athletic director David Blackburn said Wednesday that each of the school's 15 women's basketball players and 13 men's basketball players on scholarship will be given $2,000 to cover cost of attendance this school year.