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Thursday, September 6, 2007

Albany House Phase 1 Costs

Construction on the Albany Golf & Beach Club's first phase is estimated to cost $66.11 million.

The Environmental Impact Assessment (EIA) said that most of the costs of phase 1 would be incurred from the golf course and infrastructure. Previous costs were estimated at $14.5 million, with Albany's own roads, parks, ponds and lot servicing costing an additional $13.17 million. That totals to $27.67 million, which is a far cry from the new estimates; $38.44 million to be more precise.

Further costs in the construction of the first phase would include:
* $3.2 million for modifying Albany House
* $8.7 million for the marina
* $3.6 million for a perimeter wall and security equipment
* $2.9 million on entry gates
* $5 million for a water park and adult swimming pool

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