Friday, August 16, 2019

The Downtown Park Cost $41.2 Million To Develop

Image result for redmond downtown park imageProject 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




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