by Rod Williams - This is not $17M more than the estimate, but $17M more than was appropriated. Why would a project began that did not have the needed amount appropriated?
Given all of the other financial stresses facing the city, now the city must come up with $17M to finish a started project. Money can be borrowed for construction projects so this does not have to come out of current operating revenues. However, the city already has excessive debt and needs to be reducing debt, not borrowing more. The project must be completed. The city cannot just stop a project that is under construction. The project was approved with only partial funding in place under Mayor Megan Barry. Read more about it at this link.
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