ORLANDO, Fla. (WOFL FOX 35 ORLANDO) -
The City of Orlando is estimating the cost of moving its headquarters out of the central business district at $48.4 million dollars. Orlando Mayor Buddy Dyer tells us the cost is close to what the city had anticipated when it set the budget at $40 million to move out of its current location.
"We want a smaller, updated OPD Headquarters that's very welcoming to the public, and fits in with the neighborhood."
The department is moving out so that the Orlando Magic can build a $200 million entertainment complex at Central, Church, and Hughey, the current OPD home. Mayor Dyer hopes the process of moving out, and building something new happens quickly.
"We made the selection of the design build contractor, or design build team at the last Council meeting, and we are in negotiation with them right now. So hopefully we will close the land transaction with Lynx soon and be underway."
The city is close to finishing a deal with Lynx to buy their old depot, an entire city block at Anderson, South, and Orange Blossom Trail for $3.5 million. It's not exactly clear what the Magic will pay for the existing headquarters, but city documents list total cash on hand as $9 million. Part of that $9 million is money the city has saved by saving energy. Mayor Dyer says going green will also cover the more than $36 million the city will borrow to build the new headquarters.
"We are retrofitting buildings that are giving us energy savings, and its going to top out at a couple of million dollars a year, and we'll pay the loan amount off of those funds."
Included in the $48.4 million price tag is $4 million worth of contingency funds. The Mayor hopes those funds will be returned.
"We have contingency allocated, but it's exactly that, contingency, and hopefully we won't dip into that."
The Magic will begin construction of their project by building a parking garage where the current police communication tower is.