Construction Costs: Fiscal Impact Conclusions
Preliminary
Capital Development Costs for Fresno: The chart
on the next page outlines the size and the estimated cost of the
libraries
The costs are based on the Caruthers Library project awarded in July
2002 and include escalation to the mid-point of the project.
Projected start dates are in three years. Start dates earlier or later
would change costs. Costs are calculated to the middle point of construction.
All costs would be refined during design. Final building size is also
refined when the building program is written and during design.
Costs include 1% for art.
Land costs are not included, as there are many variables with land such
as the size of the lot, whether or not infrastructure exists, off site
improvements, and market conditions.
Projects are listed either as new or expansion. Some projects listed
as expansions may end up as new construction if the current site is
inadequate for parking and the footprint of the expanded library. More
detailed study including a library building program outlining library
service needs will be required for each expansion project before a final
determination can be made.
For projects which are an expansion and a remodeling of the current
space, the cost is calculated as follows: the same methodology is used
for expansion as for new construction projects. The remodeling portion
is calculated at two-thirds the cost of new construction.
Costs associated with a move into a temporary facility, if necessary,
are not included at this time.
Costs are project costs for all except the Central Library, which is
construction cost only. The cost of a parking structure for a central
library is not included.
