Tuesday, April 16, 2013
City Manager's solution to Streetcar cost overruns: spend $17.4 Million more
Then, the City promised to go back to the drawing board, "value-engineer" and scale back the project and bring the cost back within budget. Well, today the City Manager came forward with his "solution:" Council will have to pony up $17.4 million to fund the project if they want it to go forward. WCPO Digital has the story here. Read the memo below.
This is, of course, but the latest but certainly not the first, cost overrun for the massive project. COAST is certain that many more are to come.
COAST stands by to broadcast the truth while the Council, in their election year, must decide the direction for this seemingly doomed project.
We. Told. You. So.