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Wishard construction bids starting to flow

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About $72 million worth of construction bids have been awarded so far for the new Wishard Hospital project slated to take more than three years to complete.

The contracts total about 14 percent of the entire construction package for the $754 million project, said Matt Gutwein, president and CEO of Health & Hospital Corp. of Marion County, which owns the hospital.

Gutwein presented his progress report Thursday evening to the City-County Council’s Municipal Corporations Committee.

“We are absolutely on schedule and slightly below budget,” he said.

The 1.2-million-square-foot hospital will be built on 37 acres at the west end of the IUPUI campus. The hospital corporation exercised a land-swap option in November with Indiana University.

The agreement called for Wishard to take control of the hospital site immediately, and then gradually cede ownership of its current hospital site over the next four years.

The land Wishard received contained the old Larue Carter psychiatric hospital facility, which has been torn down, and the former State Department of Health building, which is being demolished.

Bids that have been awarded include demolition work at the two sites, as well as work on the parking garage, hospital foundation and utilities.

The goal is to have all bids awarded by January.

“That’s a pretty accelerated schedule," Gutwein said, “so we can attempt to take advantage of the highly favorable market conditions that exist right now.”

The poor economy has slowed the amount of construction projects, which is creating more competition and driving down costs.

Project managers are ahead of goals to award 15 percent of the work to minorities, 8 percent to women, and 3 percent to veterans, Gutwein said.

Health & Hospital Corp. will use $661 million in bonds to help finance the new hospital.
 

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  • Wishard Hospital Jobs
    As a hard working member of local laborers union #120, I would just like to know why we have so many unemployed union members out of work,when we can help build america, and help ourselfs to some good paying jobs.Just remember to vote in November,

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  1. It is nice and all that the developer grew up here and lives here, but do you think a company that builds and rehabs cottage-style homes has the chops to develop $150 Million of office, retail, and residential? I'm guessing they will quickly be over their skis and begging the city for even more help... This project should occur organically and be developed by those that can handle the size and scope of something like this as several other posters have mentioned.

  2. It amazes me how people with apparently zero knowledge of free markets or capitalism feel the need to read and post on a business journal website. Perhaps the Daily Worker would suit your interests better. It's definitely more sympathetic to your pro government theft views. It's too bad the Star is so awful as I'm sure you would find a much better home there.

  3. In other cities, expensive new construction projects are announced by real estate developers. In Carmel, they are announced by the local mayor. I am so, so glad I don't live in Carmel's taxbase--did you see that Carmel, a small Midwest suburb, has $500 million in debt?? That's unreal! The mayor thinks he's playing with Lego sets and Monopoly money here! Let these projects develop organically without government/taxpayer backing! Also, from a design standpoint, the whole town of Carmel looks comical. Grand, French-style buildings and promenades, sitting next to tire yards. Who do you guys think you are? Just my POV as a recent transplant to Indy.

  4. GeorgeP, you mention "necessities". Where in the announcement did it say anything about basic essentials like groceries? None of the plans and "vision" have basic essentials listed and nothing has been built. Traffic WILL be a nightmare. There is no east/west road capacity. GeorgeP, you also post on www.carmelchatter.com and your posts have repeatedly been proven wrong. You seem to have a fair amount of inside knowledge. Do you work on the third floor of Carmel City Hal?

  5. I don't know about the commuter buses...but it's a huge joke to see these IndyGo buses with just one or two passengers. Absolutely a disgusting waste of TAXPAYER money. Get some cojones and stop funding them. These (all of them) council members work for you. FIRE THEM!

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