Did anyone see this coming? Substantially increased costs and delayed start dates?? How about assurance that Benderson Development is responsible for the majority of the cost and construction. I have no doubt the mall will be on time and budget.
Costs soar, start delayed on I-75 Diverging Diamond University Parkway exit
By Dale White via Herald Tribune
Costs for construction of a diverging diamond interchange at Interstate 75 and University Parkway has risen 20 percent above initial estimates and the estimated start of the project has been pushed back from early 2015 to August of next year.
State and local officials are under criticism for not tackling the intersection’s woes sooner.
Traffic congestion there is likely to worsen before it gets better. The Mall at University Town Center, also at the southwest corner of the interchange, is to open in October. Thousands of more homes are planned for Lakewood Ranch, which spans Manatee and Sarasota counties east of the interchange. And the reconstruction work itself, largely in the footprint of the existing interchange, will causes back-ups and delays.
Officials are counting on the project being completed before the 2017 World Rowing Championships at nearby Nathan Benderson Park.
That gives the FDOT and the contractor it selects two years to get the diverging diamond, a first in Florida, completed.
The projected $60 million tab is now up to $72 million as the Florida Department of Transportation adds costs such as additional earthwork, a 5,365-foot-long wall to muffle traffic noise along some residential areas along I-75 and other adjustments.
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