What is the current cost estimate for construction of the SAHPC? What portion of the new cost estimate is the result of the delay caused by the litigation?
A. Over the course of the litigation the university has continued with pre-construction planning and preparation. That work resulted in a new estimate of construction costs for the SAHPC of approximately $112 million if work had started in late 2006, as originally planned. Now, due to the delay caused by the litigation, our experts estimate that the costs of construction have gone up by approximately $11 million and will continue to rise by more than $700,000 for each month of additional delay. However, given the complexity of the project and the unpredictable effects of a softening economy, it is impossible to provide absolutely solid numbers until the entire project goes out for bid.
