Mat Bader questions two conflicting estimates for McMillan

I am posting Bloomingdale resident and McMillan Advisory Group (MAG) member Mat Bader's comment from this 11-30-2014 Bloomingdale Neighborhood blog post here as a separate post.

                                                           
Scott,

Please note that these construction figures for the District conflict with those in the Valbridge Appraisal Report. Specifically, look at page 77 of the same Committee Report. In that appraisal, the District estimates are as follows:

• Public Infrastructure: $14,600,000 ($12,200,000 in committee statement on costs)
• Finished Pads - $17,700,000 ($15,800,000 in committee statement on costs)
• Historic Preservation $21,700,000 ($16,500,000 in committee statement on costs)
• Parks and Open Space - $12,800,000 ($11,300,000 in committee statement on costs)
• Soft Costs/Other - $9,700,000 ($22,500,000 in committee statement on costs)

     
Total Costs - $76,500,000 ($78,300,000 in committee statement on costs)
                                                                           
That leaves about $2 million that needs to be reconciled between the two estimates. There are also pretty gross differences in the estimates for particular categories. For example, why is the cost for historic preservation $5 million more in the appraisal report but the total costs $2 million less in that same report?
   
Personally, I have asked for these figures, and justification for these figures, several times from the development team. These have not been provided. 
                 
I would urge everyone to take these estimates with a grain of salt as they were provided by the development team to the District, rather than the District independently reaching their own estimates.
               
Mathew Bader
BCA MAG Representative