In 2016 when we met and consulted with the various Burrard Marina users, including the Burrard Civic Marina Community Association, we reviewed the expenditures and projects completed and confirmed the future projects and allocated funds.
At the time it was estimated that a total of $3.5 million will have been invested in Burrard Marina by the time all committed projects and funds were completed during the 2014 - 2018 Capital Budget cycle.
At the July 5, 2016 meeting it was agreed by all users that with respect to the upland and float replacement project, Option B was the best use of funds. During this meeting there was also discussion that since the Coast Guard dock returned, the break water funds* could be allocated to the project under Option B, as this option was going to cost more than what was originally scoped out. As you may recall at the end of the meeting I explained the City’s Capital Budget process and confirmed that for the next of capital budget cycle for 2019 - 2022 we would be requesting more funds for Burrard Marina, but could not guarantee what would be approved.
As per the attached, and at our various meetings, our Real Estate and Facilities Management staff and the consultant estimated that the approximate $2.1 million might be sufficient to complete the upland and float replacement project under Option B. The upland work was recently completed at a cost of $1.1 million and the replacement of floats G and G - L, which will be completed by April, will cost $1.7 million, for a total expenditure of $2.8M. This is $700,000 more than what was estimated in 2016.
*Breakwater cost was estimated at $300,000.
A copy of the July 2016 presentation is available on the BCMCA website under Archives - Parks Board Documents.
For perspective, the original bid for the uplands works (as shown on the City's website) was $785,402. If the total cost was $1.1 million, this means it went over budget by about 40%.
The original bid for the float replacement was $1,193,514. Now we understand the estimated cost to be $1.7 million, or about 42% higher than anticipated, and the work has not even started yet. It seems the cost of repairing marinas easily gets out of hand.
Out of the original $3.35 million available, this means perhaps $535,000 remains un-allocated, however the upcoming float replacements may yet eat even further into that. Bear in mind too that the replacement of docks "G" and "G to L" represents only about 7% of the total dock length in the marina, and it is not entirely clear whether the figures we have also include the Engineering fees or other incidentals beyond what the bidders have accounted for.