PowerPoint Presentation (added 11/21/2023)
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Black Lot Parking Garage Monetizing City Assets to Improve Glendale Balance Scorecard 2 Project Overview 3 • Public Parking Garage will be fully owned by the City of Glendale • Provides for an additional 3063 parking spaces in the parking garage in addition to 744 parking spaces at grade • Maintains City’s contractual obligations to provide 4001 at grade parking spaces within the Black Lot to the AZ Cardinals and AZSTA • Provides additional parking capacity for large scale events in the Sports and Entertainment District and at the VAI Resort • Provides a long term revenue stream to City Construction Delivery Overview 4 • Design-Build Contractor – Fisher Industries (FI) – Consistent with ARS Title 34.606 • Guaranteed Maximum Price - $71,850,000 – Includes all design, permits, sitework, landscaping, off-site traffic improvements Construction Schedule 5 • FI is currently mobilized adjacent to Black Lot ready to perform • January 8, 2024 – March 29th 2024 - Sitework, grading, utility relocation, asphalt removal, caisson and foundation work • April 10th, 2024 – September 6, 2024 - assembly of precast components • September 6, 2024 - Use of 720 at grade parking spaces available • November 15, 2024 - Final closeout of project including landscaping, signage, lighting, elevators • Total project schedule – 302 days Project Financing 6 • Source of funding – General Fund – Unreserved Fund Balance • $16m paid to FI between January 15th – June 1st, 2024 • $55,600,000 paid to FI between July 1st – project close out • City to waive up to $250,000 for permits Items of Note 7 • Project is largely concrete and steel, both products are supply chain sensitive with a history of volatile pricing. • Fisher is vertically integrated, able to manage supply chain issues, and currently mobilized adjacent. Aerial Footprint 8 Temporary Parking Solutions 9 • Recycle asphalt material from garage footprint is more than sufficient • 4” is the current depth of asphalt available for milling • Fisher Industries has confirmed that they will mill and place • ~3500 Tons of millings required for 2” coverage • Temporary lot can be striped using standard striping paint process Temporary Parking Solution 10 Alternate Temporary Parking Solution 11 Garage Rendering 12 Garage Rendering 13 Garage Rendering 14 Garage Rendering 15 Garage Rendering 16 Garage Rendering 17 Garage Aesthetic 18 Garage Aesthetic 19