Lets assume you had a project that:
- Initially came in at $101,000,000
- This past Janaury, you had a $31,000.000 cost overrun
- Now on September 22nd you have to announce another overrun
We say it will be around $15,000,000.....
Question
Why would you not build a 500 parking garage with money that was given to you by the Commonwealth??? Believe the amount given was $23,000,000
Answer
You can not build it for $23,000,000 and the last thing you need right now is another overrun.
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