LVEC Financing Reports for Council Review 2007-02-20

[keoadmin]

The City of Kingston has released an extensive series of background, financial and project reports on the LVEC - the Kingston Regional Sports and Entertainment Centre project.

You can find these reports at the following location on the City of Kingston web site:

http://www.cityofkingston.ca/cityhall/council/council_agenda.asp

http://www.cityofkingston.ca/pdf/council/agenda/2007/A06_Rpt15B.pdf

See Report 15, Part 2 and appendices for the February 20th meeting

This is required reading if you want to have a better understanding of this project.

Reference:

Copies of the infrastructure cost resolution and reports for the North Block area surrounding the LVEC can be found below. These costs are almost $4 million.

[Dogma]

I have read the reports and basically two issue stand out.

1) The contingency was to low - for issues that "may arise beyond the final drawings", including blueprint details, design issues & environmental unknowns.

2) Missed costs - furnishing and equipment in the canteen area.

Both of these issues are obvious mistakes. (Human mistakes that happen.) - plus the political financial fallout.

Missing 2.5 million for the canteen is a 5% miss over the entire project. It happens, it was just either not on the drawing or details at the time..that was missed by (both) the City and the architect. Who's ulitimately responsible? - who cares.

Lets just move on and pay the 10% (which is not unusual) ...on any project.

Just build it.

[Bill(2)]

Lets just move on and pay the 10% (which is not unusual) ...on any project.

Just build it.

What he said (sorry - guessing gender of Dogma)