Tuesday, March 22, 2016

$620 MILLION for Travis County Expo Center?!?


"There is desirable treasure,
And oil in the dwelling of the wise,
But a foolish man squanders it."
Proverbs 21:20

GADZOOKS; from Austin Affordability:

Are You Ready for This?

There is a Britney Spears slot machine in Las Vegas where she struts across the screen offering a bonus prize and asks, “Are you ready for this?” Well, ready or not, here comes something that is not nearly as much fun. In fact, I’d say this is the straw that broke the camel’s back.
$620 million for a new Travis County Expo Center!
$620 million for a new Travis County Expo Center!
Yes, you read that right – a price tag that is over twice as high as the failed bond proposition for a new civil and family courthouse! You can see the high cost estimate that totals up to $620 million in this PDF from Page 33 of the County’s draft report. There may be some lower estimates out there in Consultant-ville, but why not factor in the highest estimate and assume that the routine cost overruns will hit that amount in the long run?
Read the whole thing here.

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