Tuesday, August 14, 2007

How much did St. Augustine's Controversial White Elephant Parking Garage andl Financial Services Building REALLY Cost?

How much did St. Augustine's controversial Financial Services Building REALLY Cost?

Will citizens and bondholders, ever know?

The cost is at least $600,000, but likely exceeds $1 million. See Peter Romano letter below regarding the opportunity cost of the missed opportunity of using the space for other purposes.

How much did St. Augustine's controversial White Elephant Parking Garage cost?

Over $22 million.

It's largely unused, a massive ill-conceived edifice, unadorned by security cameras.

It's our money.

It's wasted.

St. Augustine City Manager WILLIAM B. HARRISS should resign or be fired.

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