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All: The new Billszone site with the updated software is scheduled to be turned on Tuesday, May 21, 2024. The company that built it, Dynascale, estimates a FOUR HOUR shut down, from 8pm Pacific, (5pm Eastern) while they get it up and running. Nobody will be able to post in any forum until they are done. Afterwards, you may need to do a web search for the site, as old links will not work, because the site is getting a new IP address. Please be patient. If there are bugs, we will tackle them one at a time. Remember the goal is to be up and running with no glitches by camp. Doing this now assures us of that, because it gives us all summer to get our ducks in a row. Thank you!
The Niagara Gazette has the story in question; likewise, doing a search for "Highmark Stadium overruns" will also bring up the story.
John Hemingway(facing certain death): I want to see Buffalo win the Super Bowl.
David Coltrane(threatening John): Nobody's going to live that long, pal.
-The John Larroquette Show, "A Dark and Stormy Night", 4/12/94
John Hemingway(facing certain death): I want to see Buffalo win the Super Bowl.
David Coltrane(threatening John): Nobody's going to live that long, pal.
-The John Larroquette Show, "A Dark and Stormy Night", 4/12/94
Hell, Tennessee's getting a roof for THEIR new stadium. The Titans just released video of it and it looks GREAT.
John Hemingway(facing certain death): I want to see Buffalo win the Super Bowl.
David Coltrane(threatening John): Nobody's going to live that long, pal.
-The John Larroquette Show, "A Dark and Stormy Night", 4/12/94
I work in construction economics and while inputs to contractor producer prices have peaked and fallen, the contractor output producer prices have not. They just peaked and are expected to stay flat for a year or a little more before resuming a trend around which any volatility could mean up or down. What is costing a lot is anything with electrical steel, meaning transformers, motors, etc. But $300-$400M this early after contracting? Hmmm. Sounds like design bust or changes wanting to be made. Or, depending on the delivery method, it could just be gamesmanship from one of the more experienced joint-ventures out there, Gilbane-Turner. Contractors are notoriously self-interested, and owners sometimes set themselves up for failure. Like 90% of the time. I now have an insider at Legends, so maybe I can find out some dirty details.
So they have dug up some parking lot ... and didn't even truck the piles of rock off site ... and they have thus far incurred in excess of a 20% overrun? OK, this is bad and this project is about to run into a brick wall. They can't even come up with 300K and fix the problems because at this pace the cluster**** is going to be 3X the original projections.
They aren't $300 million over yet, that figure is based on cost projections, so it's a theoretical budget number still. As RGB pointed out, the figure is probably derived from updating costs that could be higher than the estimated budget like labor, electrical, steel, future design changes. The only way the project could be literally over budget at this time is with site work labor/fuel/equipment running higher than anticipated, change orders that affect the cost of material (which architects and engineers typically get a flat percentage added to their revenue for doing them and thus is an incentive to estimate high), and possibly even projected and/or already incurred interest on financing if there is any, i.e. if Pegs had to re-do some because of the delay by Erie County and Polencarz to give final approval.
That being said, if market conditions in construction don't trend downward anytime in the next couple of years it wouldn't surprise me if the final bill gets a lot closer to 2 bil.
YardRat Wall of Fame #56 DARRYL TALLEY #29 DERRICK BURROUGHS#22 FRED JACKSON #95 KYLE WILLIAMS
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