Originally Posted by
Doug Loudenback
...... By necessity, construction spending must be spread out over the time that tax revenues are generated which make construction possible in a multiple project program like MAPS, MAPS for Kids, or MAPS 3.
During Ron Norick's administration, it did become evident toward the end that not enough money would be generated to complete a few final projects, most notably the Ford Center and, unless my memory fails me, the new library and learning center was in that group as well.
As for the city coming back to ask for "more money," as you put it, that did occur but only that one time. Whether to extend the tax for an additional 5 or 6 months (I don't recall which off the top of my head) was the hot topic in the mayoral race when Kirk Humphreys was elected. In his term, the sales tax extension vote carried by a whopping 69% to 31%.
Had the Ford Center project started before the revenue shortfall became evident, and before the half-year extension vote which wound up funded it was done, we'd have something like a skeleton standing there looking rather pitiful had it begun before funding to complete it was available.
Sales tax projections aren't all that precise and the money generated isn't known until after the fact. I agree with Metro that the inclusion of a $17 M contingency cushion into MAPS 3 was a wise decision.
While several other important and contentious issues remain about MAPS 3, elsewhere discussed, I don't think that the one raised here presents a problem at all.
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