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Albany Capital Center Presentation
Albany Capital Center Presentation
Presentation
Site Market Study Building Program Budget Finance Plan Schedule
Market Study:
No State Subsidy required $2 Million annual revenue in first full year of operation: 2017 $900,000 annual fiscal benefits from: sales, use, and personal income taxes flowing to the City, County and State 157 permanent jobs created 114 construction related jobs on average, for 22 months HUB linking ESP, The Egg and the Times Union Center Timed to enter an expanding market for meeting and ballroom functions.
Building Program:
82,000 SF facility on two levels 3 level 250 space parking garage
Project Budget:
Architecture, Engineering Furnishings, Fixtures & Equipment and Contingency: Land Acquisition & Construction: Total:
$1.5 Million $0.75 Million $66.5 Million $68.75 Million $300,000 +/-
Proposed Schedule:
Initiate Design/Programming December 2013 SEQR Complete: April 2014 Early Bid Packages April 2014 Site Plan Review: May 2014 Land Acquisition: May 2014 Construction Substantially Complete: July 2016