I was told recently that the $35 million projected capital costs for the Central Park redevelopment had been called a “red herring.” That’s verifiably untrue.
The actual total amount shown in the final report is $35,251,965.11.
This isn’t a made up number, an inflated number or an imaginary number. It isn’t a council number, either. In fact the two council PRC representatives did not even attend those steering committee meetings that came up with that figure.
Thirty-five million dollars is what the steering committee calculated and approved themselves, working in conjunction with several consultants, planners, architects and engineers over more than a year – and at a cost to taxpayers of more than $42,000 in fees to those professionals – to come up with that total.*
The Central Park Redevelopment final report, presented to Council by the steering committee in March, 2012, shows the full projected costs on page 37.
That page is reproduced here:
You can see that the proposed cost in the steering committee’s final report was more than $35 million plus HST. That’s fact. Read it above. You can download a PDF of the page here.