Politics & Government
Project Costs To Develop Redmond's Downtown Park
The Downtown Park is controversial in Redmond neighbors owing to it's cost, lack of parking and too much cement.
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
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Total Project Cost: $41.2 million
Source: Redmond Document Center