What is the current overall budget estimate for construction?
Based upon the current overall project program and scope of work, the preliminary construction budget is approximately $220 million. This budget includes $28.5 million for two parking garages and improvements to Storrs Road. Garage 1 is estimated at approximately $10.5 million, Garage 2 at approximately $12 million, and Storrs Road improvements at approximately $6 million. Final construction numbers will not be developed until the program is finalized and until building designs are completed, approved, and submitted to contractors, which will take place in stages over the course of the multi-year project.