Thursday, January 13, 2011

Arena construction progress marked, but consultant says schedule not fully clear; early completion dates announced for building components

I wrote 12/21/10 that there was still fuzziness to the arena construction schedule and, according to the latest report the developer, state, and bond trustee by the consultant Merritt & Harris, those issues remain unresolved.

The report is dated 1/3/11 but based on an 11/23/10 site observation, so that preceded an expected mid-December meeting "to resolve current schedule disputes."

Arena components

The document also offers some very specific start and completion dates for arena components. See below and click to enlarge.


June 2012 opening without seating?

According to the report:
A High Level Arena Summary Construction Schedule, dated July 16, 2010, has been provided for our review. The current schedule, prepared by Hunt, indicates that substantial completion is anticipated to be by August 12, 2012. The Developer is currently reviewing that schedule and there is a meeting anticipated for mid-December to resolve current schedule disputes.

In our opinion, the construction term of 26 months for the Arena is manpower is reasonable, provided that adequate manpower is maintained throughout the construction term, and that there are no hold-ups, such as strikes, inclement weather, material shortages, or other unforeseen circumstances.
Given the "early target substantial completion date of June 1, 2012," the owner may use and occupy the Arena, though it presumably may be hard to hold concerts if seating is not installed until August 7, as indicated on the schedule above.

While the arena is expected to be ready for the October 2012 basketball pre-season, punch list work and subcontractor close-outs may mean the final completion date would be February 28, 2013.

According to the General Contractor, 325 people were on the job in November.

Construction progress

The project is slightly ahead of schedule, according to cash flow projections, though, as the graphic suggests (click to enlarge), the difference between projected and actual spending has narrowed. It's still early.

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