Quote:
Originally Posted by You Need A Thneed
The construction part was under budget. There was always other parts in the total budget.
Note, that this article doesn't state what the land acquisition budget even is, so we don't know how much over budget that part is, or whether it is even over budget.
AFAIK, the original budget for the entirety of the project was north of $1B.
Also, the city will recover a hell of a lotof the land acquisition cost with the sale of surplus land.
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Fixed for you.
Count on this being the case. The city now as a practice expropriates more land than is necessary for actual construction, builds the infrastructure and sells it at a profit. The city will expropriate a few lots in to each block extra, and the value of these properties after the construction is massive. Heck, the city might even initiate a rezoning process for these parcels.
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