Back to the subject of this thread, does anyone with real construction experience, belive this facility can be completed in 11 months, June 2012? I have built office buildings, hotels, industrial space, in Florida, Arizona, and honestly, I do not see this happening in 11 months, JUne 2012.
It's not 11 months. It's 8 months until the final FIA inspection is done and anyone who thinks that investors or lenders are going to be willing to speculate that the race date or the inspection date will be moved is completely naive about how these things get done. Unless and until the FIA publicly announces a change in the race date (not likely to happen before December) no responsible investor/lender is going to take that risk. So you have to ask "can they get this done in 8 months?". And if your answer is "No" then you ask "what happens if they don't?" And when you realize that missing the inspection (assuming the FIA actually enforces its own regulations) means no race in 2012 AND no race in 2013 and no money to pay off a loan or investors, you don't invest and you don't do the loan and Tavo & Co are up the creek. And if that happens it's their own fault for making a commitment (to be open for June 2012) before they had the land, the approvals, the money to do this fiasco. I hope all of you who are running around making travel plans have gotten past the euphoria and made sure your deposits are refundable.
You're a little hung up on that FIA inspection. You might want to look up what happened with that process in Korea. It ain't all black and white. It is the FIA afterall.
You mean to say that the FIA plays fast and loose with their own rules, enforcing what they feel like and letting others slide......I'm shocked, I tell you, just SHOCKED!
That's starting the shape up!! Recall there was some pretty significant cut/fill in the permit, it was one of the variances.... Hard to say RP, I will say Austin Commercial is a proven player here, they don't f&*% around, and I have discussed how Liquidated Damages clauses work previously. This type of specialized road construction does require a lot of subgrade prep, then you can think of the final asphault coating as "Icing on a cake" (and it is special asphault as well).. I return to my position of aluminum bleacher systems (rental or turn key install by sub).. Lots of precast to do the garages and Timing/Scoring/VIP suites, and 'wham, boom bang" we are going racing! This wild ass guess on my part could have MAJOR components underway at off site fabrication facilites across the State/country, and would parallel how I have seen it done in Houston for CART/Indycar. Jus' sayin....I wonder how many people we can fit into my pardner's house on South Congress..I'd better get started on the Credential Hang Tags.....see ya at Trophies!!
The idea it all has to be finished 90 days before the date, to sit and gather dust is ludicrous...I'd more suspect you will be able to leave a hand print in the paint, if you touch the walls in VIP Suites.....LOL!
Judging by the amount of activity, I would guess that lenders have already started releasing more funds..... And 8 months is a long time to pour some concrete and put up a few walls.....
On liquidated damages. GC just walked off of the 290 and 183 over change construction. Something about the concrete cracking in the pillars on the overpass....Of interst though, TXDot originally estimated the cost at right around 20MM, they came in for less than 9MM Is construction really down THAT much right now?
Yep, I was in the final running on a 22 story Galleria Tower at ZERO profit....okay? ZERO profit.... Now they have come back to me, and I might land the $3M contract, if I cut $100K more. Ponder that one for a minute......
My parent company is on some tower in Vegas, they left out or did rebar wrong and its stopped dead at 50% height (30 stories of 60, or something)... Can't go higher, may have to demo it down...... We are in huge race to the bottom....this country is in trouble..... I was reading about the new Chinese TV tower, THAT is an awesome project, but some people have already gone to prison, over the fire.....
I had just enough time to find this document about the inspection, perhaps someone would be able to see what the criteria is for passing an inspection, and if that would lend some insight to the possibility of making the deadline. http://argent.fia.com/web/fia-public.nsf/D2162D1A054A333AC12578100053ECC3/$FILE/11.01.06_Annexe%20O_%202011.pdf Taken from here: http://www.fia.com/sport/Regulations/circuitregs.html
Chinese real estate is in for a major correction. PBOC isn't lending anymore so the developers are going to Hong Kong to raise money through bonds at high rates. The amount of debt being taken on by tier two and three cities is staggering.
better than downsizing?? Smart money building now when the price is cheap? No shortage of construction around here What I don't get is if construction is down that much, how did the cost of the track go from $250 to 400MM. My only guess is they must have had no clue what they were getting into...
Hard to understand, to me.....as commodities as steel, copper and lumber are at record levels... But the Fed is loaning money at almost 0% so IF you get your hands on some, it's a good time for a capitol investment. We have already painfully downsized and trying to preserve the core of the company, at this point.... What you always have to remeber when you see wild swings like that is "WHAT are we talking about" in regards to the scope. The Track itself within the four property irons? The roads in and out? Water and sewer services? There's just no way a number could swing that far, on the identical 'scope of work" it's far more likely a journo that wouldn't know a transit from a telescope, grabbing some number from a prospectus and running with it. I have seen jobs go that far over budget, but it's usually the Bonding company and a bunch of lawyers mopping it up, not the original developer.
pit complex july 22 high rez from COTA's twttier: http://yfrog.com/z/kky4cgzj Image Unavailable, Please Login
Not to be too much of a downer, but I really don't see much happening here. A few cars and bulldozers, but not much else. What am I missing?
I can't zoom in enough to make out what the materials are sitting out behind the crane. It looks like it could be rebar stock. If they are setting up to fabricate rebar cages that means they are getting ready to build the footings and grade beams. Once the grade beams and footings are in they need to cure for 28 days. Then they can start to land the precast concrete (if that is what they are using). This thing will literally jump out of the ground once that starts. A precast structure and skin for a building this size can be erected easily in four to six weeks. Then its just b@!!s to the wall to finish out the mechanical systems and interior finishes, which are at that point protected from the weather. Looking very do-able to me.
That's the pad site for the grand stands actually, so probably not much finish out to be done on the schedule change, I sure hope the ink has dried on the check from the State before Bernie announced the schedule change though. From the outside though, it sure does look like Bernie did what he could to help Tavo out on this process though
Actually no, it's the pad for the paddock and garage structures. The grandstand foundations are opposite, on the other side of the track. You can clearly see the underpass tunnel, the long black structure, toward the top of the photo. That will help you visualize the track location.
Yahoo!!!! That is a reasonable date weatherwise, a more realistic date to complete the track by and good news that USGP is on the latest draft. There is hope.
Yeah I'm pretty stoked about the date change. With that timeframe in mind, I think the construction can be completed and will certainly be attending. Mark
Same here. I can foresee a FerrariChat gathering over that race weekend. Hosted by Rob Da Man himself perhaps?
