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Developer: Main and Esplanade redevelopment viable again after value engineering; aims to start late 2025
Summary
Developer Doug Getzinger reported cost increases and subsequent value-engineering work that reduced project costs and prepared the Main and Esplanade redevelopment to seek financing; he said construction could begin late this year with completion expected in early 2027 if financing and permits proceed.
Klamath Falls, Ore. — Doug Getzinger, lead developer for the Main and Esplanade redevelopment, told the Klamath Falls City Council on Aug. 4 that the project has been reworked after cost increases and is ready to resume financing outreach and permit steps with a goal of starting construction late in 2025.
Getzinger said tariffs and market uncertainty raised project costs about 33 percent this year, prompting the development team to value-engineer the design to preserve material quality while reducing price. "As a result ... we had to go back to the drawing board a little bit here in April, May, June, and value engineer the project…
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