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Redevelopment Project Comes In $3.5 Million Under Budget
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Published: February 3, 2009
Updated:
NEW PORT RICHEY - Most people during these economic turbulent times would be thrilled to find a $20 bill floating on the sidewalk. In the same vein, Pasco County officials recently came into $3.5 million they weren't expecting.
The Tommytown redevelopment project in East Pasco cost less than the $13 million estimate, Pasco County commissioners were told. That freed up the $3.5 million in federal Community Development Block Grant funds to spend on other projects on either side of the county.
The good news came from Michael Nurrenbrock, director of the county's Office of Management and Budget, in a recent memo to commissioners.
Half of the surplus funds could go to help nonprofit community agencies here, as well as county projects, according to recommendations from the county's community development division, according to Nurrenbrock. The other half can be applied toward neighborhood redevelopment, community development officials recommend.
A list of possible neighborhoods for fixing up might be ready by May.
"It goes fast," Commissioner Ann Hildebrand said of money to rebuild houses.
Older houses that might have been built 20, 30 or 40 years ago have to be brought up to current building codes to withstand hurricane winds better, Hildebrand noted.
Still, the surplus was a pleasant surprise, Hildebrand remarked. Most projects have cost less than anticipated during the economic downturn as contractors scramble for business.
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