Why is the City building a new deck instead of simply renovating the Chapel Hill Deck? Whats the deal?
The Chapel Hill Street deck has outlived its useful life. It is 37 years old – and in very poor condition. In fact, the City recently spent $1 million on emergency repairs – just to keep the deck operating. If the City chose to maintain the existing deck, rather than a new deck, it would spend a minimum of $3.2 million to $6 million just to give it additional life. The City’s contracted Construction Manager at Risk (CMAR) estimates for repair of the deck were quite conservative at $3.2 million. In fact, the City’s Department of General Services requested $6 million from the CIP budget, this year, for deck repairs. The Deal Points call for a not-to-exceed cost of $22,000 to construct each new parking space at the Chapel Hill Street Deck. (It may be less than this). This equals an $8.3 million total cost to the City to replace the deck. Using the $8.3 million City cost (and taking into account how much repairing the existing Chapel Hill Street deck would cost (from $3.2 to $6 million)),
