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Architexturez > Mail > [ In-Enaction ] practice: FoG pays 4.5 Million to his Con(tractors) [ Cost overrun issues ]

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+  From: "Architexturez." <interface.services@xxxxxxxxxxxxxxxxx>
+  Date: Mon, 31 Jul 2006 17:34:47 +0530
| so much for CATIA powerd rapid-prototyped
| production efficiencies, BTW what is the latest
| on that remotely prototyped church in Korea?

Disney Hall Cost-Overrun Suit Settled
The general contractor and 10 subcontractors will share payouts of almost $18 million.
By Mike Boehm, Times Staff Writer
July 29, 2006

A complex lawsuit over who should bear unexpectedly high construction costs for Walt Disney Concert Hall has been settled, with builders to receive $13.3 million from the hall's parent corporation and an additional $4.5 million under architect Frank Gehry's professional liability insurance policy.

Steve Getzug, a spokesman for Walt Disney Concert Hall Inc., said Friday that it will meet its $13.3-million share with about $2 million left over from the $274-million construction budget, plus $11 million from "a number of supporters of the Music Center and Disney Hall" who want to be anonymous. Getzug said he didn't know whether the money was raised specifically to pay the settlement. As a result of the settlement, he said, the price tag for Disney Hall now jumps to about $284 million.

The suit was filed less than a month after the concert hall's October 2003 opening. M.A. Mortenson Co., the project's general contractor, contended that it and a long list of subcontractors were owed $43.3 million because changes from the original design and flawed construction plans had caused delays and cost escalations. Disney Hall Inc. countersued, saying it was entitled to more than $6 million from builders who had been given advance study time to master the complex plans.
....
If the complex case had gone to trial, it could have lasted 80 days and rung up combined legal bills of $10 million, estimated Padilla, the Mortenson attorney. He credited Judge Victoria Gerrard Chaney and mediator Randall Wulff with pushing the parties toward the settlement.

cont'd....
http://www.latimes.com/business/la-et-disneyhall29jul29,1,4629074.story?ctrack=1&cset=true


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