lady bird lake

Austin
8:54 am
Wed February 22, 2012

AM Update 2/22/12: Cost of Boardwalk Rises, Juárez Bullet Strikes El Pasoan, Meth Seizures at Border

A rendering of the proposed Lady Bird Lake boardwalk.
Image courtesy courtesy of the Trail Foundation, townlaketrail.org

Mounting Expense for Lady Bird Boardwalk 

In 2010, City of Austin voters ushered in Proposition 1, a project to construct a boardwalk trail over and along Lady Bird Lake. Back then, the estimated cost of the project was $17.4 million, but as of today, the lowest bid (of eight) is $20.7 million. That's a 19% jump.

The Austin American-Statesman reports that the cost increase can be attributed to two main factors: Oil prices (no surprise there) and a construction industry still trying to correct itself post-recession. Builders are finally doing things they put off during those lean years, like replacing old equipment, and that's made government building projects more costly. Still, city officials aren't worried about coming up with the extra money. 

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