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Development Projects Costs
9 Months Ended
Sep. 30, 2019
Project Development Costs [Abstract]  
Development Projects Costs
Development Projects Costs
Capitalized Project Development Costs
At September 30, 2019 and December 31, 2018, capitalized Development Projects costs incurred were approximately $20.6 million and $5.7 million, respectively. Total capitalized Development Projects costs at September 30, 2019 consisted of $19.0 million of construction costs, site development, contractor insurance, general conditions, architectural fees and construction manager fees, and approximately $1.6 million of professional service fees including legal and accounting fees. Total capitalized Development Projects costs at December 31, 2018 consisted of $4.2 million of construction costs, site development, contractor insurance, general conditions, architectural fees and construction manager fees, and approximately $1.5 million of professional service fees, including legal and accounting fees. In July 2019, the Company certified to its lenders, pursuant to the requirements of the Term Loan Agreement, the completion of the Casino and The Alder during July 2019.
In September 2018, ERREI entered into a standard contractor agreement for the construction of the Golf Course Project, at a cost of approximately $22.5 million. The Company began construction in September 2018.