“And especially when you think about the monumental issues of taking all that stuff down,” Matthews says.

“CORE could not use the drop chutes from the 12th floor but I guess they think they can do it on the sixth floor.  That means manually everything comes out of there off of elevators.  Maybe we underestimated that issue.  Demolition is a massive issue in this hotel.”

 

Matthews says re-routing plumbing and electrical systems is also adding time to the completion date. But Matthews has a contract with the City of Peoria for roughly one third of the project that bond funded.  It calls for the developer to pay the city $41,000 per month in penalties until the facility is operational.