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JTRockville
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Rockville, MD
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| reply to DonLibes
Re: MC: falling apart and here's why
said by Gazette.net:
Duncan recommends 8 percent increase in spending
by Douglas Tallman, Staff Writer, Mar. 16, 2005
...snip...
The budget, which would kick in with the start of the next financial year on July 1, increases 8 percent over last year's spending.
"We can't sustain budgets that grow by this amount," said Councilman Philip M. Andrews (D-Dist. 3) of Gaithersburg. In about nine years, the budget would double at that rate, he said.
...snip...
(I added emphasis to Andrews' comment)
It's hard to imagine how so much can be underfunded when the budget is growing so quickly. The Post article says the budget has grown 88% during the Duncan regime (since 1994).
Astronomical!
The Post also mentions the MC's #1 money pit: STRATHMORE | |
DonLibes
Premium,ExMod 2001
join:2003-01-19
| said by JTRockville  :The Post also mentions the MC's #1 money pit: STRATHMORE Sorry but Strathmore is not even close to the money monster that is the ICC.
Admittedly, Strathmore is a good example nonetheless. Originally budgeted at $68 million, it came in at roughly $100 million (how can you have a project go 47% over budget??) plus I see now that the center is selling naming rights for the music center for $15 million, the concert hall for $10 million and the education center for $5 million (I can see it now - The Comcast Center for Excellence in Education at Strathmore) so it evidently really cost another $20 million that we were never told about. More disinformation: Strathmore claims to be self-supporting but that doesn't include $1 mil in operating expenses that county taxpayers pay annually.)
And did you know that MC has been named as a co-defendent in a lawsuit by a contractor for nonpayment of work done on Strathmore. Damages sought: $724K. And a 2nd company is preparing to file suit for $1M for nonpayment. (If a judge ruled for the plaintiffs, it would allow them to take possession of the property if not paid.) Evidentally, MC really has yet to make final payments, roughly about $10M. I don't understand why but it has something to do with MC failing to obtain a performance bond (they were too cheap apparently?) like they should have.
»www.washingtonpost.com/wp-dyn/ar···r19.html
Anyway, if you think that's bad, wait til we start paying for the ICC. Then we'll talk pain! Oh wait, we'll just sell naming rights ... | |
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