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.