This came in from Max Grossman:
I have attached the latest statistics from the City of El Paso detailing the huge cost overruns on twelve QOL bond projects:
FACILITY ORIGINAL SUPPLEMENT OVER
BUDGET ($) FROM COs BUDGET (%)
Irving Schwartz Library 2,150,000 199,000 9.26
Johnson Basin Park 412,664 58,000 14.06
Radford Park 992,158 27,000 2.72
San Jacinto Plaza 3,000,000 3,310,000 110.33
Argal Park at Las Palmas 5,000,000 521,000 10.42
Eastside Sports Complex 48,000,000 11,600,000 24.17
Westside Pool 8,000,000 2,356,000 29.45
Chelsea Aquatic Center 4,000,000 3,100,000 77.50
Forti Aquatic Center 4,000,000 3,400,000 85.00
Childrens Museum 19,250,000 20,800,000 108.05
Hispanic Cultural Center 5,750,000 10,750,000 186.96
MPC (“Arena”) 180,000,000 70,000,000 38.89
TOTAL $280,554,822 $126,121,000 44.95%
We all recall that the original bond proposition, which appeared on the ballot in 2012, called for an expenditure of $475,250,000. That figure has so far been inflated to $601,371,000! The cost overrun on the three “signature” projects alone is $101,550,000 (49.54%)! It is hard to imagine more irresponsible management of public projects, and yet KVIA is the only media network to investigate thoroughly.
Every single El Pasoan should be outraged at our City Manager, Mayor and City Council for bringing us to this point, and yet they continue to insist that we need to spend more money than authorized because “we deserve better!” And where will the extra funds come from? Certificates of obligation (new debt) issued without voter approval. And how will the additional debt be paid for? Higher taxes!
There are three incumbents up for re-election in November: Peter Svarzbein (District 1), Claudia Ordaz-Perez (District 6) and Cissy Lizarraga (District 8). All three own the above figures and all three are being challenged by El Pasoans with significantly more fiscal acumen and management experience.
Have a great day.