Special BOT meeting this week regarding new rink. UConn to design, build and manage new rink after severing ties with preferred developer.
If memory serves me, the proposed facility will cost $45 million. 6% for design services is reasonable.I write this with no practical experience but does $3M for design services sound high for a project like this?
Thanks for clarifying.To be true, that’s not so much “UGA building a new arena” as it is “the city of Athens building an arena that an athletic club nominally representing UGA is getting access to”.
Developer built things can work but you either know it will work or won’t fairly quickly to be honest. I’m pleased that UConn moved on fairly quickly once they concluded it wouldn’t work. Often public entities keep trying to work things out even when it is clear they won’t. In the end they waste lots of time or end up with awful deals. Looks like neither will be the case here.Special BOT meeting this week regarding new rink. UConn to design, build and manage new rink after severing ties with preferred developer.
Does this mean we are abandoning the build/lease back model?
I believe these rendering are several years old. I suspect for 2.8 million dollars a more dynamic rink would be designed.