Quote:
Originally Posted by Major Major
So Salim is stirring up #### again? Dude is an absolute blight on our city. Bring back Franklin
|
Or he just misunderstood the context of the question.
For reference, the Event Centre website still says that the City and CSEC would split cost overruns on the building 50:50.
Quote:
How will cost overruns be dealt with?
CSEC and The City, together, will share cost overruns 50:50, specific to the CSEC’s scope of work: Event Centre building, community rink and the parkade. Additional funds for The City’s share of potential cost overruns are proposed to be set aside from revenues from future land sales and future anticipated investment income from the Major Capital Projects Reserve.
More details of cost overruns will be considered part of the next phase of work that’s included in the definitive agreements. Once the definitive agreements are completed, more information and details will become available.
|