In more city street news, the city sends word that work on the project to address the so-called “Mercer Mess” has had its first major bid come in under-budget. The project will convert both Mercer and Valley in South Lake Union into a two-way boulevards.
Gary Merlino Construction Company, the apparent low bidder on the east phase of the Mercer Corridor Improvements Project, submitted a proposal that came in at about $47,850,000, well under the engineer’s estimate. Overall, there is a bid savings of approximately 23 percent on demolition and construction from earlier estimates, which the project relied on as part of its funding plan. The city is further reviewing the bids for completeness and responsiveness.
Another illustration that the major project bid environment is very favorable right now, which could affect transit projects such as University Link and the First Hill Streetcar.