Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBB/CMAR
# of Projects: 1
100% of the Results

Background informationProject Created: August 11, 2010

Project Name: Louisville Arena (KY)
Year in Operation:
Sector: Buildings
Subsector: Sports Venue
Status: Design / Construction
Type: New Facility
Description: New basketball and public events arena for downtown Louisville, recently names the KFC Yum! Center.
Delivery Method as described in the country where it's located: Construction Manager at Risk
Is the project still active: Yes
Comments: Typical CMAR arrangement. Mortensen is CMAR, procured through competitive proposals by Louisville Arena Authority. GMP was finalized after design was sufficiently complete to permit all parties to agree on the GMP.

Project Locations

Address: 301 West Main St
City: Louisville
State:
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: By public authority.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Arrow Right
Checkbox Checked

Direct Cash Support: Funded by state, in part, and in part by City of Louisville. Court will be home to Louisville NCAA men's and women's basketball teams. Revenues expected to support public expense.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Construction Manager At Risk Variants: Public Sponsor contracts with Construction Manager At Risk while design is in process.

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals
Design
X

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Initial Design and Construction
3
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: August 11, 2010
Project Value
Hard Cost
Hard & Soft Costs
Design
$10-25 Million US
(none)
Construction
$100-250 Million US
(none)
Total
$200-500 Million US
(none)
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