Cost overruns for the long delayed February One Parking deck are on the agenda for the Tuesday, Feb. 21 Greensboro City Council meeting.

The City Council is being asked to approve a change order for $5.8 million in the contract with Elm Street Hotel LLC for the construction of the parking deck, which fronts on East Market Street and South Davie Street.

According to the agenda, “The change order accounts for unforeseen conditions encountered during construction and additional items required to complete construction of the parking deck.”

On December 2017, the City Council authorized the city manager to allocate up to $25.8 million for the construction of the parking deck. In December 2020, the City Council approved $37 million in bond financing for the 720 space parking deck, which was estimated to have a total cost of $36 million.  At $36 million the cost per parking space was about $50,000 each, compared to about $30,000 per parking space for the parking deck on North Eugene Street, which was approved at the same time and opened in June 2021.

The $5.8 million in additional costs was the result of issues caused by the basement foundations and demolition rubble of the old S&W cafeteria that required soil remediation, shoring walls, additional utility relocations and ground water management.

The agenda attachment states, “The original design had to modified to allow for a different foundation system that responded to the site conditions and add IT room required to support the security camera system. Additional changes include adding upper floor security, fencing, emergency phones, electric vehicle charging stations and reconfiguration of office space.”

The $5.8 million represents an 18.3 percent increase in the city’s expenditure.

The completion of the parking deck is “expected” in March 2023 and the completion of the Weston Hotel on top of the southern portion of the parking deck is June 2024.

(The image is a rendition of the proposed parking deck from March 2018.)