Canal St. Costs Were Low-Balled, City Audit Finds; Staff Knew Price Would Rise, Study Says
The Milwaukee Journal Sentinel › March 05, 2007
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Summary
City officials kept aldermen in the dark and misled reporters while the cost of rebuilding and extending W. Canal St. grew to more than 2 1/2 times the project's original budget, a new audit says.
The final figure - $53 million - was actually a reasonable price to pay for the work, auditors found.See the full content of this document
Extract
Canal St. Costs Were Low-Balled, City Audit Finds; Staff Knew Price Would Rise, Study Says
But that number came as a shock when it was disclosed in November 2005, because the publicly reported projections had been low-balled for years, the audit notes.
And because the cost of the Canal St. project was underes...See the full content of this document
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