University Business - January 2009 - (Page 34)

Finished in a Flash Considering a fast-track construction plan? Here’s a look at what crowding a project calendar will really cost a campus. Fans didn’t have to wait long to attend events at the University of Central Florida’s new arena, which seats twice as many as the old arena. ith the University of Central florida’s enrollment explosion—more than double the number of students since President John hitt’s arrival in 1992—the institution’s 5,000-seat arena wasn’t cutting it anymore. The student head count at UCF’s main campus in Orlando is now up to around 43,000. But despite assurances of the sort we see in the movies, when administrators began planning for a new arena a few years ago they knew it wasn’t as simple as just getting the project going and everything would be fine. For starters, points out CFO William F. Merck, such a project needed to be subsidized. “We wrestled with it for a while, and the idea that surfaced was a town center, with multiple projects bundled into one big project that could cross-subsidize,” he says. Final plans called for housing 34 | January 2009 W By Julie Sturgeon with 2,000 beds, 80,000 square feet of retail, two 700-car parking garages, and a 10,000-seat stadium. The $314 million price tag had the potential of ballooning if the project team didn’t get cracking. That’s why they opted for what architects and project managers call “fast-track construction”: a strategy that runs design and construction phases simultaneously. For UCF’s project, fast-track construction shaved off at least two years of the timetable. According to industry data, as many as 40 percent of building projects in this country go up under a fast-track schedule, and campus construction makes up a hefty portion of that percentage. “it is absolutely a trend,” affirms Dara Colleary, a project manager with Consigli Construction who worked on creating a 25,000-square-foot library at salem state College (Mass.) in just universitybusiness.com http://www.universitybusiness.com

Table of Contents for the Digital Edition of University Business - January 2009

University Business - January 2009
Contents
Editor's Note
College Index
Company Index
Advisory Board
Behind the News
Sense of Place
Viewpoint
Money Matters
Financial Aid
Community College
From Data to Information
5 Reasons to Switch to Virtual Servers
Finished in a Flash
Internet Technology
What's New
End Note

University Business - January 2009

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