Post by Logan on Jun 12, 2016 18:55:00 GMT -6
Milwaukee faces $6 million in street cost overruns near Northwestern Mutual
The city is facing major cost overruns on street reconstruction projects that are occurring near Northwestern Mutual Life Insurance Co.'s new office tower and commons.
That work on rebuilding E. Michigan St. and other streets in what the Department of City Development calls the Lakefront Gateway area will need an additional $6 million beyond the city's initial $18 million estimate, according to a public notice issued Friday.
That preliminary 2012 estimate, which included new streets, pedestrian bridges and other public improvements, was based on conceptual plans.
The costs of rebuilding utility lines, and cleaning up environmental contamination, weren't known at that time, according to a department summary.
Read more: www.jsonline.com/business/city-faces-6-million-in-street-cost-overruns-near-northwestern-mutual-b99742253z1-382522521.html
The city is facing major cost overruns on street reconstruction projects that are occurring near Northwestern Mutual Life Insurance Co.'s new office tower and commons.
That work on rebuilding E. Michigan St. and other streets in what the Department of City Development calls the Lakefront Gateway area will need an additional $6 million beyond the city's initial $18 million estimate, according to a public notice issued Friday.
That preliminary 2012 estimate, which included new streets, pedestrian bridges and other public improvements, was based on conceptual plans.
The costs of rebuilding utility lines, and cleaning up environmental contamination, weren't known at that time, according to a department summary.
Read more: www.jsonline.com/business/city-faces-6-million-in-street-cost-overruns-near-northwestern-mutual-b99742253z1-382522521.html