Posted on September 22, 2020 by iwano@_84
The cost to remodel the aging west side of Oregon State’s Reser Stadium has fallen substantially during the past year.
Oregon State athletic director Scott Barnes said earlier this week that the price tag to remodel Reser Stadium is now $140 million. That’s down 20 percent from a projected cost of $175 million at the outset of the project.
Barnes said the project cost is a moving target, and the initial cost of $175 million was conservative estimate. But in the university’s request for proposal document released Oct. 15, 2019, it states the project cost as approximately $175 million, with a direct construction budget of approximately $122 million.
Some of it is fine-tuning the project, Barnes said. A more accurate design and better knowing the scope and scale led to a more informed number for remodeling Reser.
The pandemic, oddly, has helped too. It led to market conditions