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Originally Posted by Streamliner
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Tuesday, City Council members will vote on whether to allocate another $27.3 million from downtown-specific funds to the now $79.6 million project. The action, if approved, tees up construction to start in August on the first phase of East Village Green, or 2 acres of public park amenities, including downtown’s first recreation center.
Per the updated timeline, the project should be completed in February 2025.
The latest ask, which does not include money from the city’s general fund, comes 2.5 years after the council approved a $52.3 million budget for the park. Since then, the city has worked to secure permits. In late 2021, Civic San Diego solicited bids for construction.
“Both qualifying bids blew the budget significantly,” said Christina Bibler, who is the city’s director of economic development and noted that increases to construction costs over time were to blame. “It was a shock to everyone. It was much more excessive than we had ever expected.”
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She’s an economic director for development and is “shocked” that things go way up in price when they sit on them for years? Hmmmmm. Ok.