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West Greeley entertainment district hits design milestones; independent cost estimate due in October
Summary
Project team reported schematic design completion, ongoing cost estimating by PCL and an independent review by RLB, and budget‑to‑date spending of roughly $9–10 million (about 9% of the overall budget); consultants’ draft study results expected before October for use in bond planning.
City staff and development partners gave the Greeley City Council an update on the West Greeley Entertainment District project, reporting that schematic design was submitted on Aug. 15, independent cost work was underway and the team expects key consultant results before the end of October.
Why it matters: West Greeley is a major public‑private project the city plans to finance in part through bonded debt; independent cost estimates, market studies and impact‑fee analyses will inform any bond issuance and the city’s request to the market.
Presenters said schematic design is complete and that PCL Construction is preparing an initial cost estimate; the city retained RLB as an independent cost consultant and expects RLB’s evaluation before the end of October. Project staff said design development has begun, with a 100% design‑development package expected in December.
Budget and spending: Presenters said the project has spent just over $9 million to date — about 9% of the overall budget — and that PCL’s estimate and RLB’s independent review will guide future budget adjustments. The presentation also listed multiple consultant studies in progress: DTA (impact fee study), Zonda (residential market analysis), EPS (retail/commercial analysis) and HLA (analysis focusing on entertainment district reliability). Staff said those consultants must coordinate baseline assumptions and that draft results are scheduled for delivery before the October council meeting.
Procurement and oversight questions from councilors focused on contract transparency and invoicing. Council members asked for more granular billing and contract tracking, and presenters described the city’s process for receiving detailed invoices and backups from prime contractors and their subcontractors; staff said bill packages can include hundreds of pages of documentation and that owner’s‑representative reviews occur before finance approves payment.
Schedule and next steps: The team plans to post a project dashboard on the city’s SpeakUp platform, continue design development, complete independent cost review, and coordinate consultant study results ahead of any bond market activity. No formal decisions or contract approvals were requested at the meeting; staff said they are preparing for future bond‑market engagement once the guaranteed‑maximum‑price (GMP) or comparable contract figures are available.
Ending: Council thanked staff and consultants for the update and encouraged timely public reporting of cost estimates.
