Tuesday, January 26, 2016

65 plus 10.2 = 75.2, so where did the $78.1 million STPAC number come from?

"After the Greensboro City Council agreed in December of 2015 to kick in an additional approximately $9.6 million to help cover an expected $10.2 million shortfall"

https://carolinaundersiege.wordpress.com/2016/01/26/more-igmfupac-lies/
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"The project, currently budgeted at $78.1 million, will be financed with $38.5 million from private donors and $39.6 million from hotel/motel taxes, ticket fees and parking revenue."

http://www.greensboro.com/news/local_news/tanger-center-design-to-be-unveiled/article_364fbef1-80bd-5a6b-bd92-597c86f7096c.html
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They knew what the shortfall was going to be until they didn't?
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"The first estimate for the cost of the center in public discussion was around $50 million."

http://www.greensboro101.com/2016/01/making-it-worse-news-record-performing-arts-center-reporting-wrong-misleading/
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"The [STPAC] project, currently budgeted at $78.1 million"

http://greensboroperformingarts.blogspot.com/2016/01/the-stpac-project-currently-budgeted-at.html
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