Cost estimate for Sylvan Lake Multiplex soars by $3 million

Architects will be sharpening their pencils to bring down the cost of Sylvan Lake’s proposed multiplex.

Architects will be sharpening their pencils to bring down the cost of Sylvan Lake’s proposed multiplex.

The most recent cost estimate for the 91,000-square-foot facility to be known as the NexSource Centre is $32 million, up $3 million over an earlier $29 million estimate. That is itself $3 million more than an initial target construction cost of $24 million.

Inflation fuelled by a hotter construction market is the main reason behind the cost increases, says a report that went to council on Monday.

Mayor Sean McIntyre said on Tuesday that council has asked its architects to take a hard look at designs to find ways to reduce the cost of the preliminary design.

“Also we’re going through a process called value engineering, which is a process used a lot in the private sector to try to make sure we’re getting the best value for dollar on the materials used and the designs rendered for any project,” said McIntyre.

Among the options will be to trim 10,000 square feet from the facility. The centre is to include an arena, curling rink, seniors centre, children’s play area and other civic spaces.

Council approved a $29-million budget for the project in July and that number stands, said the mayor.

“At this point, we’re working on meeting our design with our budget,” he said. “Certainly, there was no appetite to increase the budget at (Monday’s) council meeting.”

The town will borrow $13 million to help pay for the facility. Boosting the budget, without finding other funding sources, would mean bumping up borrowing to $16 million.

Borrowing more could limit the town’s flexibility to fund other needs in the future, he said.

No timeline has been set for updated project designs, but McIntyre expects it will not take long.

Just Posted

Celebrating 4-20 in Red Deer

For years, 4-20 was a time to protest for the legalization of… Continue reading

Optimism remains for Red Deer hospital expansion

Red Deer’s incoming UCP MLAs both have been strong supporters of expansion

Sport of axe throwing growing in Red Deer

True North Axe Throwing wants sport to be ‘Canadian version of darts’

RDC cancels championship-winning golf program due to tight finances

Short season, small number of student golfers were also considerations

WATCH: An ‘Eggstemely Fun Easter’ at Bower Place in Red Deer

Bower Place mall made sure Red Deer families were able to have… Continue reading

Dozens hurt in collapse of deck during wedding celebration in Langley, B.C.

LANGLEY, B.C. — Police say dozens of people were injured, some critically,… Continue reading

No winning ticket for Friday night’s $25 million Lotto Max jackpot

TORONTO — No winning ticket was sold for the $25.5 million jackpot… Continue reading

Uber driver charged in two sexual assault investigations: Toronto police

Toronto police say an Uber driver is facing sexual assault charges in… Continue reading

PEI Green party candidate Josh Underhay and son killed in canoeing accident

CHARLOTTETOWN — With only a few days before voters were to go… Continue reading

Egyptians vote on changes that would extend el-Sissi’s rule

CAIRO — Egyptians cast their ballots Saturday on the first of three… Continue reading

Ex-Marine arrested in North Korea embassy attack in Madrid

WASHINGTON — A man suspected of involvement in a mysterious dissident group’s… Continue reading

New bout of heavy fighting in Yemen kills dozens

SANAA, Yemen — Yemeni officials say heavy fighting in Yemen’s southern Dhale… Continue reading

Most Read