City Council Finance Committee finds unused $12 million in city accounts

[downtownbrown]

so who is getting fired or sued?  These people are fiduciaries.  Money just doesn't disappear and reappear.

[Dapperdan]

Apparently another $13 million has been found on top of this $12 million. Also, they are looking at another account that shows $22 million and trying to see how much of that is available. This is a bit ridiculous. I can see the Jaguars foaming at the mouth already for this money.

[Dapperdan]

I say we take $10 million of this money and do a study on what to do with this money.

[iMarvin]

So $25 million found so far plus another account with $22 million. Pretty embarrassing, but hopefully some public investments can be made because of this.

[jaxjaguar]

How much do the Barnett / Trio buildings need from the city to start their projects? Any word on how much remediation would cost for the ship yards? Wasn't Berkman II $5 million from having it's deal sealed? I feel like $47 million would be more than enough to get these projects going with a few million to spare!

As for the Jags I'm fairly certain they said they wouldn't be asking the city for money to redo the club sections, as they applied for a state grant.

[downtownbrown]

The Berkman developer wanted $5M.  But all this comes at a time when Khan is in negotiations.  Rich guys get all the breaks.

[fieldafm]

I feel like $47 million would be more than enough to get these projects going with a few million to spare!

You have to first appreciate that well over $100 million in capital improvement projects were halted city-wide (including basic road maintenance that is greater than $47 million) and that 100% of the largest city in the country's capital improvement money can't all be pigeon-holed into downtown. There are many, many neighborhoods that are suffering from lack of basic maintenance.

[jaxjaguar]

You have to first appreciate that well over $100 million in capital improvement projects were halted city-wide (including basic road maintenance that is greater than $47 million) and that 100% of the largest city in the country's capital improvement money can't all be pigeon-holed into downtown. There are many, many neighborhoods that are suffering from lack of basic maintenance.

Well at the very least, part of it should be used for whatever project would have the most impact downtown... trio / Barnett imo