I think in some ways it's sort of an "oh shit, don't look at the finances, just have them start the project so we can't later be asked to stop it" approach because there's too much concern about the damage if they actually did halt/abandon the project. The really crazy thing is if we get to a point of "OK we *should* stop the project but…
I think in some ways it's sort of an "oh shit, don't look at the finances, just have them start the project so we can't later be asked to stop it" approach because there's too much concern about the damage if they actually did halt/abandon the project. The really crazy thing is if we get to a point of "OK we *should* stop the project but we've now done too much demo/prep work to the site it would be unjust to leave a messy construction site for the fifth ward, so we must continue regardless of cost overruns."
Yeah, especially in a case where the District is taking out short term loans in order to meet payroll. The catch with the lease certificate is that the first $40 million is definitely going to get paid out of that, but once they go over, who knows where that money comes from. I wouldn't want to be a finishing contractor here
Also, all the polish pieces and finishing touches that make new schools gleam will likely get contractor-grade touches.
Did they actually toss the furniture the put in the shipping containers? They might need those desks for the new school. Or, maybe they will just ship things over shuttered Orrington.
I think in some ways it's sort of an "oh shit, don't look at the finances, just have them start the project so we can't later be asked to stop it" approach because there's too much concern about the damage if they actually did halt/abandon the project. The really crazy thing is if we get to a point of "OK we *should* stop the project but we've now done too much demo/prep work to the site it would be unjust to leave a messy construction site for the fifth ward, so we must continue regardless of cost overruns."
The worst case is if it reaches a point where the contractors fear they won't get paid so they stop work.
Which…. seems possible
Yeah, especially in a case where the District is taking out short term loans in order to meet payroll. The catch with the lease certificate is that the first $40 million is definitely going to get paid out of that, but once they go over, who knows where that money comes from. I wouldn't want to be a finishing contractor here
Also, all the polish pieces and finishing touches that make new schools gleam will likely get contractor-grade touches.
Did they actually toss the furniture the put in the shipping containers? They might need those desks for the new school. Or, maybe they will just ship things over shuttered Orrington.
That point was reached the day they borrowed the money without having plans or a budget for the building.