Shoutout to Wingman2468 for bringing this to our attention in the locked thread. https://www.caaicon.com/portfolio/austin-fc-stadium The design has been worked on for months. changes have been made, site plans produced, project managers chosen, structural, mechanical, civil, electrical, and acoustical engineers contracted. The programming (step-by-step construction planning) has already begun. I can say with 95% certainty that what you see in the picture will be what is produced. They have 2 years.
Because its been a while, A reminder of what the entire site plan looks like. their will be a future affordable housing location (outlined in red), with a parking garage behind it to account for lost parking. The area outlined in green is the possible rail station/plaza. A few people (from columbus) argue the affordable housing will take away 40% of the parkland and that the $200 million is for the stadium, affordable housing, train station and the training facility (Not accurate). A refresher is always nice before you want to start comparing pricetags between the two deals, which will happen often in the next few days. https://ibb.co/m9rg4nQ
The original budget for a stadium at McKalla was $187 mil plus a 13 mil contingency reserve so up to 200 mil. A training facility would be in addition at another site. Precourt refused to pay for the rail station though he got haggled into a partial contribution. It's not clear yet who is paying for the affordable housing. I'd guess there are tax credits available to offset some of the cost if privately funded?
THE CHANGING FACE OF SPORTS ARENAS Today’s sports venues are a new, digital-savvy mix of placemaking and socializing https://www.gensler.com/research-insight/publications/dialogue/32/the-changing-face-of-sports-arenas The amount of pride that Gensler is taking for their Design of the Austin FC stadium cannot be understated. Not to mention that since Gensler designed the beautiful Banc of California Stadium, we are bound to have a gorgeous community asset. Cant wait!
It's official -- the lease has been signed. https://www.mls2atx.com/#news #GrowTheLegend #MLS2ATX #AustinFC
I wonder if the cost of the stadium is up to $225m which makes sense with all the construction and attendant inflation going on. Or it includes the other stuff. Other big projects recently announced are the new UT basketball arena and Apple development plus more mixed use and skyscrapers than you can count.
Its probably the inflation, mostly on steel. the Providence Park expansion got hit hard on steel prices too. I dont think it will be much different, but they still need an agreement for a training complex. Thats what I was looking forward to hearing about.
I find this interesting: "Nearly $4.0 million in direct contributions to Foundation Communities to build affordable housing at McKalla Place or another mutually agreed upon location". There will be some that thought housing was going to be built on stadium property that will be surprised and pissed off about this. But it makes more sense to me that some other better location would be found to build something.
It will be on Mckalla place. 130 apartments, 60% MFI on one acre to be built in four years after stadium by a third party. the $4million is additional money to a local non profit affordable housing developer
There is plenty more than $25 million in community benefits, so i dont think so. $200m was the estimated cost for the stadium before alot of material prices had increased.
Wrong again. Per Bils article in the AAS. "An initial cost estimate for the Austin stadium was closer to $200 million, but a news release Wednesday from PSV said the cost will be $225 million. Precourt said the increase is tied to efforts to provide additional shading for fans and enhance the game day experience." Surely some inflation in there too.
This seems right. I've never heard a figure lower than $215M coming from PSV in regards to the stadium. Also in the terms sheet today was talk of building a pedestrian bridge over the rail line to the stadium to make access to the breweries even easier.
Wow, he's blown his contingency fund already? The original 200 mil was an estimated 187 for the stadium plus 13 in reserve for contingencies. Has MLS officially approved the site at McKalla? Suttle was saying back in August there was a tight deadline for that but the lease says MLS has until March 1 of next year to approve it. Or is that for the stadium plans?
1. Hard to think anything has been "blown" when no money has been spent yet.. Even more so when the reason for added cost was specifically mentioned: "Precourt said the increase is tied to efforts to provide additional shading for fans and enhance the game day experience." For what it's worth my day job includes heavy involvement with a lot of development/developers in Austin. Golden rule is things change over the course - whether that be scope of work, cost of labor, cost of material, whatever. It's usually nothing untoward. Best practice is not to overthink - go with the recent number and plan. In all likelihood it will change again between now and delivery. 2. Again, hard to think MLS hasn't approved when an official lease has been signed between MLS owner and City. Good try at a concern troll though I still like you no matter what!
I certainly agree you need shade for the attendees during any summer daytime matches and probably for evening matches too. But it seems so obvious that it should already have been part of the plan. So what is the March 1 MLS deadline for? Approval of the architectural plans or something like that? MLS approved the site in Columbus several months ago, from what Suttle was saying, I thought McKalla was already approved?
I can't speak to deadlines so won't speculate. What can be said is there's been a lot of progress in Austin. It's happened very openly, very publicly, and includes all the major players. All of this centers around McKalla as the venue. It beggars belief that MLS would now come in and say we don't approve the site. Not bloody likely.