8 September 2004
Well, not much debt, anyway
The goal, said City Manager Jim Couch, was to finish MAPS right and without debt.
By any reasonable reckoning, they did the job right; the nine original Metropolitan Area Projects were massive undertakings, and the results are breathtaking.
But did they go over budget? Here are the individual projects:
Which comes to $353 million, a fair chunk of change by any measure. However, the city claims to have collected only $309 million from the temporary sales tax (since expired) that funded the projects.
Of course: government projects result in cost overruns. Nature of the beast. No doubt some of the difference was made up by the sale of naming rights. And I've had years (don't even ask) when I overspent my income by 14 percent. So I'm not as cranky about this as I could be, I suppose, especially since the City isn't actually running a deficit, unlike some governments I could name.Posted at 12:19 PM to City Scene