The Downtown Park Cost $41.2 Million To Develop

Project Costs to develop the Downtown Park:

Expenditures:

$0.6M Acquisition and relocation
$20.9M Demolition and restoration
$0.75M Design and construction
$18.9M Total $41.2M Revenues
General fund $6.3M Real estate excise tax
$7.7M Impact fees $15.2M
Business tax $7.5M
WA Dept of Commerce grant
$2.95M Miscellaneous (County levy, rent, etc.) $1.55M

Total Project Cost: $41.2 million

Source: Redmond Document Center

Reported by Bob Yoder