Roland,
With all due respect, eluding the true current public cost of the Tram by suggesting someone is including SoWa roads is just a wee bit insulting.

Especially directed at Lee who I have read many posts with extensive data making it clear he understands that roads and such are not Tram costs.

Coming clean with numbers and information absolutely requires the full and genuine life cycle cost. It might be helpful to include an explanation as to why it was not provided long ago or at least since the SoWa URAC requested one back in December.
It appears the Tram will continue to completion with additional city funding
but few people see the current amount as only $3.5 million.

In addition to the Tram life cycle cost, no update to the SoWa plan adopted in 1999 has been completed.

The 1999 approved plan shows funding and progress projections which DO NOT match what is happening in SoWa.

A tremendous lack of revenue and progress with crucial infrastructure, transportation, housing and public spaces exists.

It is becoming evident to many, who have studied the original plan and are watching the Tram and SoWa unfold, that the original determination of "feasibility" was far off the mark.

The city's fiduciary responsibility demands that an updated budget and projections be produced.

The current SoWa plan is now irrefutably obsolete.

Perhaps the PDC is not accustomed to updating and validating their projections and budgets as major projects progress but this should be entirely unacceptable to city leaders.

Please print and study this 1999 SoWa plan to discover it is obsolete.
http://www.pdc.us/pdf/dev_serv/pubs/dev_macadam_report.pdf

South Waterfront, (formally North Macadam), is years behind and countless millions over budget and underfunded.

The $55 million Tram has gotten a lot of attention for being way over budget and city officials feel they were mislead by public agencies.

The estimates and projections made for the greater SoWa plan are following the same path as the early Tram estimates. It may be that the city council continues to be mislead by planning staff.

The original schedule for completed infrastructure shows most of the transportation improvements were to be completed this year.

This $288 (plus $160 million in debt service) 20 year plan is potentially a 40 to 50 year plan capable of devouring 100s of millions more in property taxes than ever imagined.

Again, take a look at the projections.
http://www.pdc.us/pdf/dev_serv/pubs/dev_macadam_report.pdf

"Table 6" has most of the evidence of the now obsolete plan yet other parts of the 19 page report are enlightening and indicate a severe problem.

Contrary to the approved plan the projected tax increment proceeds are NOT sufficient to cover projected expenditures and the Plan is NOT financially feasible.

I would also like to again request that Commissioner Adams pressure the PDC to provide the yearly Urban Renewal basic services impact reports, required by State law.