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College Place says Lions Park project over budget after $500,000 federal award withdrawn
Summary
City finance staff told the parks board that Lions Park construction will finish over budget after a $500,000 federal arts endowment award was rescinded; the city borrowed from its TIF fund and plans to repay over three years, reducing near-term parks projects.
City of College Place finance director Brian Carlton told the Parks Board on Oct. 24 that the Lions Park project will finish roughly $1.4 million over its original $6 million budget after the city lost a roughly $500,000 federal arts endowment award.
Carlton said spending to date on Lions Park is about $6.6 million, with remaining payments and retainage bringing the total to “just shy of $7.4 million.” He attributed most of the overrun to contractor change orders — $653,000 for Nelson Construction and $643,000 for Anderson Perry — and said the…
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