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Waterfront costs on the rise
BRANDON WALKER
02/08/2010

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The Prince Arthur‘s Landing development project is expected to cost the city $2.2 million more than the original estimate.
Waterfront project manager Katherine Dugmore will explain why the cost has risen during tonight‘s regular meeting of Thunder Bay city council.
Through email she said the original estimate didn‘t include cost escalations, which are currently pegged at $5.3 million.
“The estimated escalation from 2007 to 2011 is $3.5 million, and project management and administration costs until the end of 2011 are projected to be $1.1 million,” she wrote. “The balance of the difference ($700,000) is the result of work not eligible for funding and project scope changes.”
The largest part of the difference is due to an increase in construction costs from 2007 to 2011 when the project will be completed. It brings the total project costs to $49.3 million, approximately nine per cent higher than the 2007 estimate.
Staff say the city needs to contribute $2.2 million of the $5.3 million increase. That $2.2 million is needed for the project‘s first phase and will be taken from the second phase if council approves it.
“Administration presented options for reducing costs but in the end recommended the city move forward with the plan that offers the greatest range of public uses and best reflects the vision of the master plan,” Dugmore wrote.
The plan includes a dynamic mixed-use waterfront that is busy through the year and reflects the city‘s unique character.
Plans include an artisan‘s centre, an ice rink/splash pad, fountains and other attractions.
“It is possible to reduce the costs by eliminating elements, but these elements will cost more to build (later) and there may not be matching funding in the future,” Dugmore wrote.
The city will receive funding from the provincial and federal governments.
Moving forward with the revised budget will leverage $31 million. The city will kickin about $18 million of the $49-million project.
“Administration has made a recommendation and it is expected council will consider (it) and make a decision with respect to that resolution.”

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