Yesterday, the Cumberland County Board of Commissioners unanimously approved the Capital Project Budget Ordinance.
The Capital Project Budget Ordinance will be used to establish the budget for a multipurpose center project in an amount to not exceed $82.5M.
The budget includes the estimated $80 million cost that was part of the study presented in September 2021 to the Board of Commissioners. The additional cost is approximately $2 million for the owner’s agent and $500,000 in estimated debt issuance costs.
Debt takeout is expected to occur in early 2024, before construction begins.
“It’s a big day for Cumberland County,” said Commissioner Jimmy Keefe, who is chairing the board’s Multi-Purpose Event Center Committee.
The following are the projected expenditures appropriated for the project:
Surveying $ 48,000
License & permits $ 100,000
Contingency $ 9,052,000
Architect $ 5,500,000
Owners Agent $ 2,200,000
Engineering (Geotech) $ 100,000
Construction $ 65,000,000
Debt Issuance Costs $ 500,000
Transfer to the Food and Beverage Fund $ 2,500,000
The following associated revenue is appropriated for this project:
Proceeds from Debt Issuance $ 82,500,000
Transfer from the Food and Beverage Fund $ 2,500,000
The Cumberland County Board of Commissioners and the Civic Center Commission decided to also replace the Crown Theatre rather than spend funds to renovate.
The Advanced Contractors Academy, a free six-week program, is designed for established contractors ready to pursue larger-scale public contracts with agencies such as Fayetteville State University (FSU), Cumberland County and Cape Fear Valley Health.
Today, Hungry Snacks Vending operates 140 machines across North Carolina, with locations ranging from schools to public transit stations.
A total of 84 interns participated in this year’s My Future So Bright program. At the graduation ceremony held on Aug. 1, each student was able to receive their graduation certificates from Mid-Carolina Regional Council Executive Director Saman
