Many of the bids came back in the $140 million range on a project budgeted at $107 million, Capital Region Development Authority officials told the agency’s board on Thursday. Higher costs for labor and materials likely pushed the bids up above the original budget, according to Michael Freimuth, executive director of the CRDA. The first batch of bids will be shelved due to the high costs. The XL Center construction manager, design team, and CRDA construction experts will work together to reconfigure the renovation plan to cut costs, Freimuth said. The redesigned project plan is scheduled to be completed by mid-April and go out for a new round of bids in May.
https://www.stamfordadvocate.com/business/article/hartford-xl-center-renovation-bids-budget-19362576.php