Written by Kathy Olivarez Friday, 20 June 2014 13:51
If the county doesn’t act quickly, the cost of a new courthouse could escalate, architects told the Hidalgo County Commissioners Court when discussing the schematics approved Tuesday.
Eli Ochoa, of ERO Architects, estimated the project construction cost for the courthouse at $127,705,007. In addition there are project soft costs (such as furniture and security equipment not included in construction costs) that would add an additional $29,372,152 to the cost of the building for a total of $157,077,159.
But Ochoa told the court the county must “speed to market” to keep costs down before anticipated inflation from rising fuel and materials costs. Ochoa estimated that at four percent inflation, the cost of the building could rise to $176,690,250 by 2017 when it is completed. Based on a six percent inflation cost, the building would cost an estimated $187,081,210.