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CRA and city agree on $10 million contribution to close Curry Park funding gap
Summary
The CRA and city approved a funding plan to close a $10 million gap to fully fund the Curry Park redevelopment after construction bids exceeded the project budget; resolutions 25-3 and 25-2f were approved unanimously.
Christopher Rook, executive director of the West Palm Beach CRA, and Faye Johnson, city administrator, presented the Curry Park funding plan to the CRA board on Jan. 6 after the lowest responsive construction bid exceeded the project's budget.
Rook reviewed the Curry Park concept and the project's place in the Northwood-Pleasant City redevelopment strategy. Staff reported an estimated project budget of $27.7 million but said the lowest responsive bid from West Construction came in at $35.5 million. Engineering recommended $2.2 million in contingency; staff described a $10 million funding…
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