Construction Cost Analysis
Phase I construction cost on a line-item, cost-centre basis, resolved to the four required categories. Land is a separate investment, held outside the construction figure.
$78.20M
Hard cost (excl. FF&E)
$13.00M
FF&E (equipment)
$22.57M
Soft cost
$113.77M
Phase I construction (excl. land)
The four-category view
| Category | Composition | Amount |
|---|---|---|
| Hard cost (excl. FF&E) | course civil, paddock, roads, buildings, utilities, karting/off-road | $78.20M |
| FF&E (equipment) | safety systems and operations equipment | $13.00M |
| Soft cost | engineering, contingency, construction management, permitting | $22.57M |
| Construction (excl. land) | hard + FF&E + soft | $113.77M |
| Land (separate investment) | ~4,300 ac; ~300–400 ac used in Phase I; seller-financed | $50.00M |
The three categories sum to the construction total (78.20 + 13.00 + 22.57 = 113.77), and land is excluded from the construction figure and held separately.
Test the estimate
Construction-cost calculator
Adjust escalation, contingency, and the pricing basis to re-derive the four-category Phase I construction total. Defaults reproduce the planning estimate.
3.5%
12%
$78.2MHard cost (excl. FF&E)
$13.0MFF&E
$22.6MSoft cost
$113.8MConstruction (excl. land)
$163.8MIncl. land ($50M)
Illustrative model derived from the line-item estimate (escalated to a 2030 completion). Land is held separately and is not escalated.
The residential vertical build is a separate program and is not part of this construction figure.
Hard cost by cost centre
Built bottom-up from the cost centres on which the estimate rests, on a flat-site assumption that minimizes earthwork.
| Cost centre | Note | Amount |
|---|---|---|
| Course civil (3.5 mi) | 3.5 mi × $10.4M per mile; flat-site basis | $36.40M |
| Paddock (250,000 sf paved) | ≈ $12 per square foot | $5.20M |
| Access roads (minimal, flat site) | spectator bridge and retaining walls removed | $8.60M |
| Buildings | race control, offices, lobby, meeting room, cafeteria | $14.40M |
| Equipment (FF&E) | safety + operations; club spec, self-executed | $13.00M |
| Utilities & infrastructure | scaled; flat-site and phased | $10.00M |
| Karting + off-road | adds two membership disciplines | $3.60M |
| Total hard cost | sum of cost centres | $91.20M |
The "Total hard cost" here ($91.20M) includes the Equipment line; in the four-category view that equipment is reported separately as FF&E ($13.00M), leaving hard cost excluding FF&E at $78.20M.
Basis and assumptions
Escalation
Construction 3.5%/yr · operating 2.5%/yr, to a 2030 completion
Contingency
12% of total hard cost
Soft-cost ratio
~24.75% of hard cost
Pricing basis
Three-point (low / average / high); budget at average
Methodology / duration
Conventional private development; ~24–32 months