New practice facility among elite
For some reason people are enamored with how much something costs. A few years from now you might hear about another NBA team building a $20 million to $25 million practice facility. Don’t put too much stock in the dollar figure. The Thunder’s new facility will stack up… for about half the price.
Similar to purchasing something on sale, the Thunder’s new $13 million practice facility, which broke ground on Thursday and is scheduled to be completed in 12 months, is the $20 million facility that’s been proposed for more than a year.
It’s simply a buyer’s market. Ask anyone who has purchased a new car or bought a home the past six months.
That’s why the Thunder’s new development center, which will rival any in the NBA, costs only $13 million.
Atlas Construction won the bid at just over $10 million. Early estimates were it would cost $15 million. It’s a similar story for the purchase of the land and the design costs. Bottom line is a $20 million project will cost only $13 million.
“We didn’t cut back on quality,” said City Manager Jim Couch. “With the economy the way it is we’ve had a down turn. It’s effecting our revenues but it also helps us with construction (costs).”
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[...] Mike Baldwin says don’t look at the price tag on the new practice facility: ”For some reason people are enamored with how much something costs. A few years from now you might hear about another NBA team building a $20 million to $25 million practice facility. Don’t put too much stock in the dollar figure. The Thunder’s new facility will stack up… for about half the price. Similar to purchasing something on sale, the Thunder’s new $13 million practice facility, which broke ground on Thursday and is scheduled to be completed in 12 months, is the $20 million facility that’s been proposed for more than a year. It’s simply a buyer’s market. Ask anyone who has purchased a new car or bought a home the past six months. That’s why the Thunder’s new development center, which will rival any in the NBA, costs only $13 million.” [...]