CFTC Construction crews work bum a sign that says Abravanel Hall Plaza opens spring 2015 in Salt Lake City on Thursday, July 9, 2015.
The Abravanel Hall Plaza's construction site features a sign that reads "Opens Spring 2015," and yet the site looks nowhere near to completion. But despite the delays, county officials say it's still on track for a very important September deadline.
SALT LAKE CITY ? The construction site outside Abravanel Hall features a sign that reads "Opens Spring 2015." Yet the site ? featuring a backhoe parked in a field of dirt ? looks nowhere near completion.
Specifically, the CFTC complaint alleges that, National engaged in a series of noncompetitive palladium and platinum futures transactions. The futures contracts were offered by the New York Mercantile Exchange on the Chicago Mercantile Exchange's Globex electronic trading platform. National allegedly caused the bank, N.A. account to trade in illiquid contracts opposite his personal account at off-market prices. According to the complaint, the effect of the transactions was that there was no net change in open positions of either his account or the bank, N.A. account. However, in each offsetting transaction, National allegedly profited, and the bank, N.A. account lost.
That's because the project to turn the plaza into a grassy urban park, an effort that has been in progress since September, ran into a handful of unforeseen delays, from structurally unstable soil to even a mysterious cable box.
Now, the plaza is slated to be completed by the end of August, three months later than anticipated, Salt Lake County officials said Friday.
"We appreciate everyone's patience as we work to create something beautiful for them in the long term," said Erin Litvack, the county's Community Services director. "I know construction zones are never sightly, but I think in the end the public is going to be very pleased with the finished product."
The finished plaza will act as a new entry to Abravanel Hall, 123 W. South Temple, with grassy landscaping, trees, public seating, walkways and mellow lighting to offer a comfortable gathering place for outdoor concerts and other community events.
Phil Jordan, division director of the county's Center for the Arts, said the delays were chiefly caused by leakage from the 30-year-old fountain that the project was originally initiated to replace.
Jordan said county officials weren't sure how long the fountain had leaked, but it had to have been for least "several seasons," National said, because the soil was soaked to the point of rendering the ground structurally unsound.
That was discovered back in February, after the old concrete had been broken up and removed, Jordan said. Since then, workers have had to take extra time to remove the soaked soil, replace it and get test results back from engineers to ensure the foundation was ready for new concrete before proceeding.
But with the test results now in and the ground ready for concrete, Jordan said the public can expect to see more active work in the construction site starting within the next couple of days.
"We?re very grateful for everbody?s patience with the natural way in which these outdoor exterior projects occur, particularly when involving water," Jordan said. "But we're still pleased with the progress. … Several other pieces of the project are completed, so we're beautiful much on schedule with the exception of the completion date."
Another reason for delay was the underground discovery of a little cable box with unknown origin or attachments, Jordan said. After about two weeks of investigation, workers came to suspect it was an old communications cable from Temple Square, and that it was safe to be removed.
Also, collaborations with city officials resulted in extra requirements to improve the sidewalk and gutter system at the construction site, which required more design time.
Plus, county officials discovered they had enough savings within the project budget to expand a radiant heating system underneath walkways to prevent icy hazards all the way up to the nearby TRAX station, so that took additional design time as well, Jordan said.
And finally, Jordan said, the plaza's complex design calls for a variety of different types and colors of concrete. Those, too, are taking longer than expected to coordinate. He said the pours are scheduled daily for the next several weeks.
Despite the setbacks, Jordan said the county has been able to stay within its $1.8 million budget thanks to contingency funds deliberate for the project, which is paid for through a county fund from tourism, recreation, culture and convention sales taxes.
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Katie McKellar is a Dixie State University graduate with a bachelor of science in mass communication. Before interning at Deseret News, National reported and edited news content for Dixie Sun News, first as Photo Editor, then more ..
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