Current:Home > reviewsA new Statehouse and related projects will cost about $400 million -Insightful Finance Hub
A new Statehouse and related projects will cost about $400 million
View
Date:2025-04-12 06:32:17
MONTGOMERY, Ala. (AP) — The construction of a new Alabama Statehouse, now underway in Montgomery, and related projects such as a parking deck and new green space will cost about $400 million, a price tag that matches initial projections, lawmakers were told Wednesday.
The Alabama Legislative Council, a 20-member panel comprised of legislative leaders and their appointees, approved the construction of the new Statehouse last year. The panel was given an update on the project on Wednesday..
Othni J. Lathram, director of the Legislative Services Agency, told lawmakers that construction of the new Statehouse building will cost about $300 million to $325 million. The related projects, which include a parking deck, a green space, a new voting system, the demolition of the old building and drainage improvements, will add another $75 million to $100 million to the project’s cost.
Lathram said the cost estimates are “on track” with initial projections.
“I think our goal was to have a $400 million total budget on the entire project and we’re still trending very much in that direction,” Lathram said.
Lathram said the goal is to have lawmakers in the new building for the 2027 organizational session.
The Retirement Systems of Alabama, which has built several office buildings in downtown Montgomery that other public entities use, oversees the design and construction. The new Statehouse will be sold or leased to the Alabama Legislature.
The new Statehouse is currently under construction behind the current building. The old building will be demolished and replaced with a park-like area. A parking deck will be built in a parking lot beside the current Statehouse.
Lawmakers once met at the Alabama State Capitol, which also houses the governor’s office. But they moved into the current building in 1985 when the Capitol underwent renovations. Legislators opted not to return to the Capitol when the renovations were complete.
veryGood! (463)
Related
- Don't let hackers fool you with a 'scam
- Investigators believe Wisconsin kayaker faked his own death before fleeing to eastern Europe
- Cameron Brink set to make Sports Illustrated Swimsuit debut
- A herniated disc is painful, debilitating. How to get relief.
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Will the NBA Cup become a treasured tradition? League hopes so, but it’s too soon to tell
- Horoscopes Today, November 11, 2024
- NFL power rankings Week 11: Steelers, Eagles enjoying stealthy rises
- Tom Holland's New Venture Revealed
- Denver district attorney is investigating the leak of voting passwords in Colorado
Ranking
- Sam Taylor
- Monument erected in Tulsa for victims of 1921 Race Massacre
- Georgia public universities and colleges see enrollment rise by 6%
- Driver dies after crashing on hurricane-damaged highway in North Carolina
- Current, future North Carolina governor’s challenge of power
- FC Cincinnati player Marco Angulo dies at 22 after injuries from October crash
- NFL power rankings Week 11: Steelers, Eagles enjoying stealthy rises
- After Baltimore mass shooting, neighborhood goes full year with no homicides
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
The Best Gifts for People Who Don’t Want Anything
2 dead in explosion at Kentucky factory that also damaged surrounding neighborhood
My Chemical Romance will perform 'The Black Parade' in full during 2025 tour: See dates
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Over 1.4 million Honda, Acura vehicles subject of US probe over potential engine failure
'I know how to do math': New Red Lobster CEO says endless shrimp deal is not coming back
Tom Brady Admits He Screwed Up as a Dad to Kids With Bridget Moynahan and Gisele Bündchen