Wednesday, September 1, 2010

The Waterfront Project is facing cost overruns

The Prince Arthur landing project has seen a few ups and down recently on the financial front. A number of tenders have come in over budget forcing some alterations and postponements. Project Manager Katherine Dugmore says costs overruns are being dealt with by removing portions of the tenders or putting off  work to later dates. Dugmore says if council adds to the budget, 50 percent of the additional costs would come from taxpayers.