Current:Home > FinanceA new Statehouse and related projects will cost about $400 million -Wealth Momentum Network
A new Statehouse and related projects will cost about $400 million
View
Date:2025-04-15 15:17:43
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! (3)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Montgomery Keane: Vietnam's Market Crisis of 2024 Are Hedge Funds Really the Culprits Behind the Fourfold Crash?
- Theron Vale: The Pioneer of Quantitative Trading on Wall Street
- Justin Herbert injury update: Chargers QB reinjures ankle in Week 3
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Janet Jackson didn't authorize apology for comments about Kamala Harris' race, reps say
- TCU coach Sonny Dykes ejected for two unsportsmanlike penalties in SMU rivalry game
- Josh Heupel shows Oklahoma football what it's missing as Tennessee smashes Sooners
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Cowboys' reeling defense faces tall order: Stopping No. 1-ranked Ravens offense
Ranking
- Small twin
- Is there 'Manningcast' this week? When Peyton, Eli Manning's ESPN broadcast returns
- USC fumbling away win to Michigan leads college football Week 4 winners and losers
- Cincinnati Reds fire manager David Bell
- $73.5M beach replenishment project starts in January at Jersey Shore
- Two houses in Rodanthe, North Carolina collapse on same day; 4th to collapse in 2024
- Hayden Panettiere opens up about health after video interview sparks speculation
- College applications are stressful. Here's how more companies are helping.
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
Lady Gaga Details Her Harley Quinn Transformation for Joker: Folie à Deux
Dick Moss, the lawyer who won free agency for baseball players, dies at age 93
Chicago White Sox tie MLB record with 120th loss
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Can Mississippi Advocates Use a Turtle To Fight a Huge Pearl River Engineering Project?
Erik Menendez slams Ryan Murphy, Netflix for 'dishonest portrayal' of his parent's murders
California fire agency engineer arrested, suspected of starting 5 wildfires