COEUR d'ALENE - Twenty point two, all in.
While Contractors Northwest Inc. will begin construction on the McEuen Field project this week after landing the $14.8 million bid, the city of Coeur d'Alene has budgeted the project to cost $20.2 million when all is said and done.
The $20 million figure includes every expected expense for the project over two fiscal years, including savings the city is setting aside as contingency costs, design contracts and architectural and engineering fees.
What accounts for the roughly $5.4 million difference between the reserved cash and winning contract bid?
The city has slotted around $1 million to pay for equipment for the park. Splash pad equipment, park benches, garbage cans and the like aren't the contractor's responsibility, but the city's. The $1.9 million contract with the park's designers, Team McEuen, is included in that total, as is the $1.2 million contract for the east end parking lot work that has already been completed. Around $75,000 will go toward building fees, and $845,000 to front the Local Improvement District sum for Front Avenue property owners before they pay into the LID.
Two weeks ago, CNI won the $14.8 million bid to construct the downtown park.