Culver City Parks Task 8.1 Final Plan - Flipbook - Page 220
Figure 230. Lindberg Park currently has a playground that could be updated to prioritize accessible play. Source: OLIN, 2024.
There are economic benefits to investing in parks,
including the opportunity to provide significant
local hire and workforce development opportunities
for construction projects and management of new
facilities.
Prorates and Contingencies
The cost estimate includes escalation based on the
midpoint year of construction, which is averaged
at 2032, is based on Culver City’s construction
procurement standard practices for general
conditions and other elements. Of the total for all
system-wide improvements, about $535 million
dollars would be allocated towards building
facilities improvements, including new construction
and renovation. Stormwater projects system-wide
would require around $93 million in funding, which
could be paired with other site improvements as
possible. Approximately $184 million would cover
the remaining park improvements, including sports
courts, paving, site furnishings, shade structures
and planting. These estimates do not include
allowances for design, surveys, and permitting costs
of each project as well as other soft costs that may
arise on a per project basis.
It is key to note that ongoing operations and
maintenance budgets continue to be critical for
maintaining the parks system. In fact, proactive
operations and maintenance can reduce life-cycle
costs of park amenities.
%
General Contingency
10%
Design Contingency
30%
5% annually
Escalation (average 2032 midpoint for
all projects)
Bonds / Insurance
2%
Contractors Fees
8%
Total Site and Furnishing
Improvements Costs
$184 MIL
Total Large Building
$535 MIL
Projects Costs
Stormwater Capture and
$93 MIL
Quality Projects
Grand Total $812 MIL
Figure 231. (Above) Table of total costs, prorates, and contingencies
for the Culver City Parks Plan. Source: OLIN, 2024.
220 IMPLEMENTATION // PRIORITIZATION, COSTS, AND FUNDING
