Maine– The state of Maine has agreed to pay for the construction of a 70,000-square-foot facility that will replace the town of Monmouth’s middle and grade schools. Regional School Unit 2 (RSU 2), plans to seek bids for the project, break ground in July and open the new school as soon as January 2020. The new facility will replace Monmouth Middle and Henry L. Cottrell Elementary schools.
The total cost of the project is $26.7 million, including the purchase of land on Academy Road where the school will be built. The state has agreed to pay almost all of that, except for $71,995 that the district had to spend on the new site. Construction of the new school will cost an estimated $20.7 million. RSU 2 has taken out a bond to fund the project and, as it starts paying that bond back next year, the state will reimburse the district for the costs.
South Dakota– Rapid City Council members support the construction of a new, $130 million arena. The council will issue $110 million in sales tax revenue bonds and lease certificates of participation to fund the construction. The city currently has about $25 million in reserve for an initial payment. The council was asked to consider either building a new arena or renovating and remodeling the existing Barnett Arena, which has functional, life safety and Americans with Disabilities Act compliance issues.
An updated feasibility study shows that the operating income for the new 12,000- to 13,000-seat arena would increase by $2.8 million annually. Construction costs are estimated between $130 and $135 million, but with interest, that figure would be closer to $180 million.
The city lost about $700,000 on a design project during the last consideration of building a new arena in 2015. The city plans to hold off on a final decision to build a new arena because the community can petition for a public vote. Two-thousand signatures will be required for a public vote to be issued. The deadline for petition, is March 20. If enough signatures are gathered, a public vote will be set for June 5. If a public vote occurs and the project is voted down, the city plans to go with the Barnett Arena renovation.
Seeking to generate funds that would go toward renovations of municipally owned housing developments throughout New York City, New York City Housing Authority (NYCHA) officials have released a request for proposals (RFP) for a mixed-income residential building. The project will allow the selected developer to include 150 market-rate apartments in the 300-unit building.
The new apartment tower will be constructed on East 92nd Street in Manhattan on a parcel currently occupied by a city playground.
The RFP states that the developer will be required to include a 5,000-square-foot community center, a new playground to replace the one being lost and parking spaces. Also in the project’s description is a wish list from residents of amenities they’d like to see in the new building, including gardening areas, an affordable gym, a small business incubator or job training center and a health facility.
The project is a part of the NYCHA’s NextGen program, which is intended to raise funding that could be used to make repairs at other NYCHA developments. Proposals are due Sept. 30.
The New York Convention Center Development Corporation (CCDC) last week issued a request for qualifications (RFQ) for a project to expand the Jacob K. Javits Convention Center. The RFQ process is seeking to identify developers for the $1 billion design-build project and specifies respondents must have worked on similar projects worth more than $100 million within the past five years.
“Government shouldn’t be in the construction business,” said Gov. Andrew Cuomo. “We’re all in favor of design-build. Bring in a private-sector partner. You build it, you develop it and God bless you. Time is of the essence. This is not going to be government process. It’s going to be private-sector timelines, private-sector incentives.”
CCDC officials will select three developers to move onto the next phase of the project and plan to issue requests for proposals (RFPs) in June. The project includes expanding the convention center by 1.2 million square feet and building a roof terrace for outdoor events. Responses are due May 10, and construction is set to begin in the fall.