The contractor was paid ~$37M to build the new Jack Harwell detention center. The estimated debt service, read interest, is $58M.
In the end the $37M jail will cost $107M.
Original Debt $49,015,000.00 | Interest $58,190,687.50 | Total $107,205,687.50 |
Good job County Judge Jim Lewis. NOT
Remember that visitation center they got in such a hurry to build because it got overlooked? The property next to the land purchased for the visitation center is valued at less than $6,000 and acre. The commercial property on the other side of that is valued at $3,000 an acre. What did McLennan County pay for slightly less than 10 acres to build the visitation center on? $140,000.00 or more than $14,000 an acre. Curious ain’t it?
No comments:
Post a Comment