Quote:
Originally Posted by East7thStreet
I feel like this is a 2 billion 10 year project.....any numbers on the actual cost and time?
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10 years ago, any plans for this site were just rumors and inklings. The site was still owned by the city and no deals were made yet.
Technically, groundbreaking occurred in December of 2017 when demolition of the previous underground parking garage began. The transition from demolition to new construction kind of occurred around 2019-2020. The only pause in construction was during the pandemic, but otherwise its been on schedule.
The last reported total cost was $1.4 billion after an initial estimate of $900 million. Most of the cost increase was attributed to the impact of design changes that occurred after groundbreaking and some pandemic inflation.
https://www.deadlinedetroit.com/arti...ng_for_project