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The Flood Recovery Money Tree
Click here for the city's "Recovery & Reinvestment Plan "
The city's "Timeline"
Other projects we have not factored in yet:
Paramount Theater
Flood Protection has to paid for by LOST, where is the money from these projects coming from? Something does not smell right in Cedar Rapids.
The city's "Timeline"
Other projects we have not factored in yet:
Paramount Theater
Flood Protection has to paid for by LOST, where is the money from these projects coming from? Something does not smell right in Cedar Rapids.
Hotel $3.2 million
Hotel Renovation $22 million Estimated
New Parking Ramp $10 million Estimated
Roosevelt subsidies $390,000 Estimated
Roosevelt Temp stairwell $591,100 Estimated
Roosevelt Perm. Stairwell $1 million Estimated
Convention Center Parking Ramp $10 Million Estimated
Convention Center $80 million Estimated
Public Works $25 million Estimated
Old Federal Court House $$10 million Estimated
Farmer's Market $4 Million Estimated
Czech Museum move and addition $25 Million Estimated
Library $75 Million (smaller facility could be built or old structure reused) Estimated
Puppy hotel/death row/Animal Shelter $3.55 million Estimated
Total $269.73 million
Now add a 15% over run cost adjustment $40.46 Million
Estimated Total $310.19 Million in pet projects
15% over run cost adjustment $19.077million
Estimated Total $146.26 Million for the Hotel and
Convention Center Complex
Please feel free to double check my numbers (I probably should not have added the fixed numbers in the over run adjustment estimate) and add anything else that is relevant to this, I am ignoring the fire station since I see that as a appropriate expense, however I may disagree with the palace that will be built.
Where is the money coming from? TAX PAYERS!
