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Committee member raises funding concerns over proposed property acquisition
Summary
At a meeting in the chambers, a committee member voiced support for acquiring a property but said estimates for the purchase price varied widely (speaker cited figures from about $13 million to as much as $100 million) and asked which budget line would cover the cost; members requested more information before taking further action.
A committee member urged caution on a proposed property acquisition, saying the city still lacks clarity on the price and funding for the purchase.
"We're getting anywhere from $13,000,000 to acquire it," the committee member said, adding that she had also heard figures as high as "100 mil." She asked which budget line would fund the acquisition and warned the city could face…
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