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County hears $12M restoration estimate and discusses grant math, match and timeline
Summary
Architects relayed a Phoenix 1 verbal all‑in restoration estimate of about $12 million; commissioners discussed THC maximum awards, estimated design fees (~12% of construction), county match obligations and a planning‑grant request of roughly $1.4 million to position the project for future construction funding.
Alexis told the court Phoenix 1 provided a verbal all‑in ballpark around $12,000,000 for a full restoration that includes moisture remediation, floor restoration and tower work. Judge Miller and participants reconciled that figure with THC program limits: an apparent current maximum award of $10,000,000 and typical THC reimbursement percentages, leaving the county responsible for a remainder the group estimated in the low‑millions.
Alexis explained fee limits and typical percentages used in THC applications: design fees commonly set near 12% of construction cost and a reimbursement mix that can leave roughly 30% of certain costs as the county's share. Judge Miller ran the math in the meeting: a $12 million construction estimate plus fees (approximately $1.4 million at 12%) yields about $13.4 million, and after THC participation the county could face an out‑of‑pocket share in the neighborhood of $4 million depending on final award and eligible expenses.
Commissioners discussed escalation and contingencies and agreed that planning grant funding should be sought and budget scenarios developed for public outreach and later capital planning. No vote was taken; the estimates were presented for planning and outreach purposes.
