Friday, September 25, 2009

How feasible?

Building off this brief summary of the three candidate sites for the proposed tennis center, let's dig a little more into the feasibility of the Athens YWCO site.

According to the Athens-Clarke County project summary for the tennis center, out of a total $2.3 million available, $1.9 million is allocated to the construction of the various facilities (i.e. courts, buildings, etc.).

Assuming that the YWCO property is sold for $1 million, then $1.3 million would remain in available funding for construction and site enhancements. And, assuming the site is properly graded, preliminary information - based on the limited available data - suggests the construction of 18 courts would cost $630,000 (at $35,000 per court) compared to $900,000 based on Athens-Clarke County staff estimates (at $50,000 per court).

This cost savings - again, done using limited information - is significant, but doesn't seem to be significant enough. Assuming the grading costs are built into the overall construction costs (which, according to the summary, it appears they are), it's plausible additional savings could be found in that area.

However, those savings must bring the overall construction total down to a total of $900,000 because $400,000 in additional funding is tied up in other services and fees. As a result, in order for the YWCO site to be viable, the breakdown would have to be $1 million for property acquisition, $900,000 for construction and $400,000 for other costs.

This suggests an overall reduction in constructions costs by $1 million, which I don't think is terribly feasible. Still, I'd still favor the inclusion of the YWCO site in the final analysis given its other tangible strengths (i.e. location, popularity, possibility of retaining the facility in Athens-Clarke County), and then see what the final numbers tell us.