During a recent government meeting, key discussions centered around the budget and timeline for an upcoming construction project. The proposal presented on July 2nd outlined a total cost of $23 million, which encompasses all soft costs, contingencies, and construction expenses. This proposal includes significant components such as the SkyFold system, an emergency generator, and necessary structural upgrades.
Council member Belden inquired about the rooftop terrace design, which is estimated at approximately $26 million. In contrast, the design presented during the meeting, which focuses on a plaza, is projected to cost around $25.7 million. This plaza design offers an additional 1,000 square feet of space and is noted for its versatility in usage compared to the rooftop option.
The discussion also touched on the exploration of solar options and battery backup systems, acknowledging that these additions would incur further costs. Funding strategies for the project were highlighted as a critical area of focus, with the city expressing optimism due to the expertise of its leadership in financing. Various funding opportunities and strategies are being considered to support the project's financial requirements.