Rialto Bridge project facing delays
After two weeks of testing soils and shoring up the foundation of an adjacent Fourth Street building, work began in earnest Monday on the Rialto Bridge project in downtown Loveland.
But before steel can go up three stories, 27 concrete piers, each 2 feet in diameter, must go down three stories to the bedrock that underlies the downtown district.
A drilling rig and a concrete pump, sandwiched on the narrow building site between the Rialto Theater and the Valentine Building, worked simultaneously on the project, and will for the next two weeks.
Passers-by viewed the work through two small windows mounted in the plywood surrounding the site.
"That is way cool," 11-year-old Kyle Moulder said as he watched the huge drilling rig whirl its bit into the ground.
Work on the piers was progressing more slowly than Longmont-based Golden Triangle Construction's project superintendent had hoped.
"We were hoping to have four or five of these done a day," Jerry Less said. "It's more like two."
The $4 million, 20,000-square-foot Rialto Bridge will be a modern, glass-and-steel building that also takes some terra cotta architectural cues from the historic theater next door.
When it opens early next year, it will provide much-needed rehearsal, dressing room and set storage space for the Rialto, a new and stylish restaurant, space for community events and three office suites on the third floor.
The project's financing is from a unique public-private-philanthropic partnership.
Developer Troy Peterson is paying half the project's costs and will own the restaurant and office space, leasing it to tenants including a restaurant operator who has already signed on.
The city has allocated $1.3 million for the space that expands the city-owned Rialto Theater's capabilities.
The Community Foundation of Northern Colorado has pledged $700,000 for community meeting and conference space, $600,000 of which has already been raised.
Phil Farley, director of the Community Foundation's Loveland office, is in the home stretch of a capital campaign that now taps a broader base of Loveland residents.
Construction will continue for another seven months, leading to a January opening.
"We're a little behind schedule, but part of that was because of the site conditions," said Loveland senior planner Mike Scholl, who is acting as the Rialto Bridge project manager.
Work to stabilize the Valentine Building, just west of the construction site, added about a week to the building timetable.
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Studio H is a public high school "design/build" curriculum that sparks rural community development through real-world, creative projects. By learning through a design sensibility, applied core subjects, and "dirt-under-your-fingernails" construction skills, students develop the creative capital, critical thinking, and citizenship necessary for their own success and for the future of their communities.
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