25°F
sponsored by:
FIND IT WITH OUR NEW DIRECTORY!
Click to activate search window!
Local    Subscribe to our feeds    Add to My Yahoo!
Advertisement

Advertising Info

Article Options

Comments (1 comment(s))  |  Email this story
Print this story  |  Discuss  |  Big Text  |  Normal Text
Current Rating:
0
   Number of Votes:
0
Rate:  |  |  | 
Save and Share  add to yahoo add delicious add to digg add to facebook add to reddit add to newsvine  
   How do I share?
Saluki Way cost increases $3.2 million
By Adam Testa, The Southern
Thursday, October 9, 2008 9:40 PM CDT
CARBONDALE - Contracts for construction management of the Saluki Way project at Southern Illinois University Carbondale have nearly doubled in price, but overall project expenses are not expected to increase, a university spokesperson said.

Members of the SIU Board of Trustees are slated to vote on a revision that would raise the estimated $4 million approved in February for a management contract to $7.2 million.

The money will be used on a joint contract with J.E. Dunn Construction of Kansas City and Holland Construction Company of Swansea, SIUC spokesman Rod Sievers said.

The $4 million total was an estimate at the time, and the $7.2 million represents the final total, Sievers said. The increased cost will provide an opportunity for local labor to be used and will ensure a timetable will be followed.

"It's a big, complex project, and it's on a tight schedule," he said.

The budget will be funded from external and internal financing as determined by the board treasurer, according to documents in the board's meeting packet. Funds for the project will be repaid with SIU Carbondale student athletic fees, private donations, funds from the city and revenues from Saluki athletics.

The $3.2 million increase will not increase the overall $83 million budget plan for renovations of McAndrew Stadium and SIU Arena, which represents phase one of Saluki Way, Sievers said.

The board of trustees meets Thursday on the Carbondale campus.

adam.testa@thesouthern.com

351-5031


Add Your Own Comments

No account? Register here!

If you already have, sign in below:
Member ID:
*Password:
  Forgot Your Password?
 

 

Outspoken wrote on Oct 10, 2008 9:11 AM:

" Cost always increase, due to inflation, on all long term projects. That is another reason why doing the Arena first, because basketball makes big money, would make more sense. Football is and always will be a money looser. Increased profits from the Arena renovation would help metigate the increase in cost of the whole project. If money runs out, it is the Arena that won't get finished and those anticipated revenues will be lost. "