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Phase 2a
Block 2 Site Work/ Parking Facility Construction June 2010 to November 2011. Any remaining work for Public Parties will be done along with the Developers work.
Summary
1. The block 2 addition to the Central Riverfront Intermodal Garage and the Riverfront Street Grid with its underlying utility network are all complete and in service. A minor punch list remains. The electronic system to support both the event management and valet parking is in operation.
Phase 2a
Parking 1/31/12
1 4
19 LOT 25 17
2
Lot 21
Lot 22
Lot 20
LOT 27
LOT 28
Summary
2. All Public Parties work envisioned by the Public Parties as Phase 1 and the additional Phase 2a construction made possible by the ARRA program is complete. Work underway with the Developer for next phases.
Summary
3. Both construction phases of the Public Parties work continue to be within approved budgets and on target to meet SBE, DBE and safety goals and should remain so through all contract closeouts in March. The project continues to have no lost time accidents.
Summary
4. Through cooperation with OKI and ODOT, all grant monies, primarily OKI STP money, not projected to be spent in current work have been re-programmed into the two parts of Bid Package 12.
Summary
5. Carter-Dawson reports that Phase 1a residential is 99% leased and that the retail is 80% leased.
ECONOMIC INCLUSION
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II.
Bid Packages 5, 6, and 7 are closed out. Substantial work is being completed this month by the DBE contractors on Bid Packages 9 & 11, and the final billings are projected to meet ODOT goals.
Safety
Over 416,000 hours worked without a lost-time accident through both Public Parties construction phases, to date.
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SCHEDULE: CONSTRUCTION
Bid Package #9 complete; closeout underway
Mehring Way and Elm Street guardrails the only work remaining
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Schedule
Developers Leasing Toby Keiths prepared for opening The Tin Roof awaiting construction permit; opening projected for Spring 2012 Orange Leaf beginning construction Mahoganys designing their build-out The Wine Guy executed their lease Ruths Chris signed lease; construction set to begin second quarter 2012
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COMMUNICATIONS
The Banks Project in the news
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COMMUNICATIONS
http://www.thebankspublicpartnership.com/m edia
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Budget
According to budget
projections, local funds remaining from the February 2009 budget are sufficient to cover necessary match and soft costs not eligible for federal funds. Phase 1 has just over $1m contingency remaining which can be moved to Phase 2.
$6,258,121
$625,116 $750,000
Phase IIA Sources December 8, 2011 Existing Phase I Public Parties Source TIF Bond Proceeds Stimulus - State of Ohio CMAQ Federal Grant (Stimulus) STP Federal Grant* Developer Contribution** Stimulus - OKI Existing Federal Earmarks *** OKI Enhancement Grant**** Budget Total Available Total Federal Projected Local Total Use
Source BP9 Projected Use $5,692,945 $10,197,496 $13,000,000 $5,000,000 $10,200,000 $9,261,022 $215,520 $2,000,000 $1,500,000 $1,500,000 $1,037,062 $592,480 $750,000 $53,638,525 $35,748,084 $17,890,441 $7,308,000 $1,492,000 $8,800,000
Contingency
$7,342,622
$444,600 $750,000
-$18 $586,780
$1,036,800 $259,200
*More STP available than considered in estimate of May 2010 ** The Developer contribution is contingent upon exercise of a Future Phase Trigger Notice as specified in the MDA and will not be available during construction. The Public Parties will need to advance these funds. *** Federal budget rescission reduced the dollars available in the earmarks/grants
Bid Package 12
Street Grid Pedestrian Improvements Part one: ODOT Local Public Agency Agreement (LPA) in place 1. Traffic and Public Safety Technology 2. Second Street/Transit Center Pedestrian Upgrade 3. Freedom Way, Rosa Parks Street to Walnut Street 4. Removal of Temporary Race Street, South of Freedom Way Part two: LPA ready for approval 1. Suspension Bridge Approach Pedestrian Connection 2. Riverwalk Trail 3. Broadway/Pete Rose Way Pedestrian Connection
Before
After
QUESTIONS?