Current:Home > InvestA new Statehouse and related projects will cost about $400 million -FinanceMind
A new Statehouse and related projects will cost about $400 million
View
Date:2025-04-16 08:38:12
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! (78)
Related
- Intellectuals vs. The Internet
- In North Carolina, primary voters choosing candidates to succeed term-limited Gov. Roy Cooper
- North Carolina’s congressional delegation headed for a shake-up with 5 open seats and party shifts
- Luann de Lesseps and Mary-Kate Olsen's Ex Olivier Sarkozy Grab Lunch in NYC
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- More people filed their taxes for free so far this year compared to last year, IRS says
- EAGLEEYE COIN: Hong Kong's Development of Virtual Asset Market Takes Another Step Forward
- Ted Lasso's Brendan Hunt and Fiancée Shannon Nelson Welcome Baby No. 2
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Allegheny Wood Products didn’t give proper notice before shutting down, lawsuit says
Ranking
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Mark Harmon's 'NCIS' standout Gibbs is recast with younger actor for 'Origins.' Who is it?
- Pop-Tarts asks Taylor Swift to release Chiefs treats recipe
- Beyoncé and Jay-Z made biggest real estate move in 2023 among musicians, study finds
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Denver Broncos' Russell Wilson posts heartfelt goodbye after being released
- Court rules Florida’s “stop woke” law restricting business diversity training is unconstitutional
- Vermont father pleads guilty to manslaughter in drowning death of 2-year-old son after allegedly fleeing DUI crash
Recommendation
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
'Real horsepower': See video of runaway horses galloping down Ohio highway
It's NFL franchise tag deadline day. What does it mean, top candidates and more
Do you know these famous Aries signs? 30 celebrities with birthdays under the Zodiac sign
Could your smelly farts help science?
Dallas Cowboys QB Dak Prescott welcomes first child, a baby girl he calls MJ
Crew Dragon docks with space station, bringing four fresh crew members to the outpost
Former Twitter executives sue Elon Musk over firings, seek more than $128 million in severance