Sioux Falls officials have spent nearly $100 million on the new Denny Sanford PREMIER Center.
With only a few weeks of construction left, officials say the $117 million project is on budget and on time.
The latest available numbers from August 1 show the city has paid out $99.7 million so far with a majority of it going to the general contractor Mortensen Construction, which is working with 47 subcontractors.
"The project from the very beginning has been very well managed and is on time and is within budget," Sioux Falls Finance Director Tracy Turbak said.
Mechanical and electrical work, along with the steel and concrete construction, makes up most of the cost of the new facility.
Tessiers Inc. has been paid out the most for the $13 million worth of mechanical work it's done on the building.
Muth Electric has the second largest construction contract and has been paid out more than $10 million.
City officials say because all of the work has come in on budget, they've been able to add in some extra features.
"As the project progressed, and things were going well, and the bids were coming in in line we were able to add some elements to the project. So, the city will use up some of our contingency to do some of those, add some of those amenities and features to the building," Turbak said.
The extra amenities include upgraded seating, more diamond-polished concrete floors and a canopy at the main entrance.
The bubbling siding on the building is still an issue that needs to be worked out, but Turbak doesn't believe it will have a large impact on the budget.
"It's really premature to say how all that's going to unfold and I think until it does, I don't want to speculate on what will happen to that," Turbak said.
What he believes will happen in a few weeks is that the Denny Sanford PREMIER Center will open on time and within the $117 million budget approved by voters.
"I think people are going to be thrilled with what a great quality facility they've purchased and looking forward to those first events later this month," Turbak said.
Turbak says the city is hoping to have a half million dollars left over after all the bills are paid. That money will be used to pay for unexpected costs that pop up during the first year of operation.
Below is a chart of the subcontractors paid by general contractor Mortensen Construction for work on the events center: