Burbank Bob Hope Airport is dipping into its final set of contingency funds to complete its new transportation center, but officials say the project should finish next year within its budget.
The Burbank-Glendale-Pasadena Airport Authority on Monday authorized airport staff to use the third and final set of contingency funds totaling $1.97 million to accommodate unexpected costs for the transit center, which is slated to be completed in fall 2014.
Three contingency funds, with a total of $5.915 million, were budgeted at the outset of the project in addition to the center’s $108 million budget to address unforeseen change orders and costs.
Airport Senior Deputy Executive Director John Hatanaka said that with construction approximately 73% completed, the airport had, so far, used 62% of its contingency funds, or roughly $3.7 million, but would need more.
“We are basically in line, however… to complete the construction, based on the information from the construction manager, that will take the utilization up to $5.4 million,” Hatanaka said.