From KVIA.com:
El Paso City Council voted eight to zero to pass a resolution authorizing the submission of an application to the Office of Congresswoman Veronica Escobar requesting an appropriation from the Community Project Funding program to fund the I-10 Deck Plaza project.
The application requests an appropriation of $5,000,000 from the program, in which the federal government would contribute $4,000,000, and the city would match $750,000 and the Deck Plaza Foundation would match $250,000.
If the City gets that five million bucks, we’ll only need $197 million more for the first $202 million phase of the project, and then another $210 million for the the second phase. In this other KVIA story, Paso del Norte Community Foundation CEO Tracy Yellen says that $210 million “reflects what it would cost in total for a future build-out of housing or commercial development.”
Weird, huh, that that number would even come up? Is the Paso del Norte Community Foundation thinking that the cost of a future build-out of housing or commercial development would fall on the taxpayers? Isn’t that like an entrepreneur’s responsibility?
Or maybe “housing or commercial development” is code for soccer stadium?
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