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March 10, 2011
Arena slightly ahead of schedule, consultant reports, but "schedule disputes" linger; report reissued after chart errors found
Atlantic Yards Report
According to the latest Site Observation Report by Merritt & Harris, the real estate consultant to the arena PILOT Bond Trustee, dated 3/3/11 and based on a visit 1/31/11, the Barclays Center is still on schedule, but questions remain:
The original High Level Arena Summary Construction Schedule, dated July 16, 2010, has been provided for our review. The current schedule, prepared by Hunt, indicates that substantial completion is anticipated to be by August 12, 2012. The Developer is currently reviewing that schedule and is working with Hunt to resolve current schedule disputes. A resolution is expected over the next few months.
Note that resolution of such disputes was originally expected in December.
An early substantial completion date of June 1, 2012, has been established, which means that the arena could be used in June and July.
Posted by eric at March 10, 2011 11:34 AM