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[[underline]] Re-study of Underground Parking on the Mall [[/underline]]

At the meeting of the Board of Regents on January 22, 1976, the Board voted that the Secretary is authorized to undertake to provide a review and updating of the previous study made by Wilbur Smith and Associates concerning underground parking facilities under the Mall and to present these findings at the May meeting of the Board of Regents.

The preliminary report from Wilbur Smith and Associates disclosed that construction could be phased into three stages: Phase I would be an underground garage in the area bounded by 12th and 14th Streets and Adams and Washington Drives, accommodating 1,400 automobiles. Construction cost of Phase I is estimated at $9,410,000, plus other development costs which include architectural and engineering $470,000; equipment $50,000; and $940,000 for contingencies, for an estimated total cost of $10,870,000, or an average cost per space of $7,764 at today's prices. Phase II extending from 9th to 12th Streets and Adams and Washington Drives would accommodate 1,200 cars. Phase III, located between 4th and 7th Streets, with a potential for 600 cars, would bring the total number of parking spaces up to 3,200.

On the basis of the current cost of Phase I, the entire development for 3,200 spaces is estimated to cost $24.8 million (in 1976 dollars). These costs are based on recent contracts awarded and current bidding levels as represented by Wilbur Smith and Associates.