Construction Budget
The Phase I construction budget in its funding context — the four-category total, how contingency and escalation protect it, and how it is drawn and funded. Full cost-centre detail is on the Construction Cost page.
$113.77M
Phase I construction (excl. land)
12%
Contingency on total hard cost
3.5% / yr
Escalation to a 2030 completion
~24–32 mo
Build duration
Budget summary
| Category | Amount |
|---|---|
| Hard cost (excl. FF&E incl. karting/off-road) | $78.20M |
| FF&E (equipment) | $13.00M |
| Soft cost (engineering, contingency, CM, permitting) | $22.57M |
| Construction (excl. land) | $113.77M |
| Land (separate, seller-financed) | $50.00M |
This is the same authoritative total as the Construction Cost analysis, shown here in its funding context; the cost-centre build-up and methodology are on that page.
Cost controls
Contingency
12% of total hard cost — a clean reserve against scope and market movement
Escalation
3.5%/yr construction to a 2030 completion
Three-point pricing
Low / average / high; budget held at average, with the California premium carried internally
Design-grade replacement
The planning-level figure is replaced by a line-item, escalated, three-point estimate at design
Funding the budget
The budget is funded primarily by real estate and membership, bridged by a 60% LTV construction loan and a maintained $10M reserve, with land seller-financed. The mechanics are detailed on the Capital Structure page; monthly budget-versus-actual by cost centre governs delivery, with persistent overruns triggering a scope or schedule re-evaluation.