Sandy Springs officials said the construction budget for the downtown-revitalizing City Springs development has gone up from roughly $174.3 million to just over $180 million.
The increase was reflected in a resolution adopted by the Sandy Springs City Council Tuesday night setting the final Guaranteed Maximum Price for project construction at $180,057,353. The city is paying actual costs plus a 1.95 percent fee up to the GMP level to contractor Holder Construction.
City officials said the budget jumped for several reasons, including adjusting the project’s scope to accommodate site grade irregularities plus handling rock embedded more deeply within the construction site than originally anticipated.
The city said its total estimated budget of $222.7 million for the public components of City Springs remains unchanged. When fleshed out, City Springs will include city offices, a performing arts center, green space, street-level retail, restaurants and specialty stores.
About the Author
Credit: Channel 2 Action News