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CEDC Closing Funding Gap For Baltimore Street Redevelopment Project

November 5th, 2019 by WCBC Radio

The Cumberland Economic Development Corporation is closing the gap on obtaining enough money to complete the Baltimore Street Redevelopment Project.  Yesterday, the group announced an additional grant from the Transportation Alternatives Program, and even more through the Appalachian Regional Commission.  This is CEDC Board Chairman Jonathan Hutcherson…

5 Responses to “CEDC Closing Funding Gap For Baltimore Street Redevelopment Project”

  1. November 05, 2019 at 6:56 am, mac said:

    Not stated is the amount of the gap being $2,236,000 which is almost half of the original estimate. Recently the newest estimated published states that number at $9,000,000. No work is even contemplated before spring/summer of 2020 so the numbers will probably continue to rise.
    Excluded from the estimate is the increased cost incurred from so-called value engineering which is a fancy name for upgrades and options on paving materials, plantings of better (more costly) trees and shrubs, lighting and other upgrades.

    Reply

    • November 05, 2019 at 9:40 am, Kevin said:

      > The CEDC doesn’t build – it tears down. This is the companion project to the hole they dug on Maryland Avenue.

      Reply

    • November 05, 2019 at 10:15 am, Jay said:

      According to the paper, the estimated cost is now 9.4 mil. I wonder how much of that is for the much needed boutique hotel.

      Reply

  2. November 05, 2019 at 1:23 pm, Ed Dodrill said:

    The Times has the cost at $9.4 million now. I imagine it would go higher. But remember, if those grants don’t come here and we use them …. they go somewhere else. Stay positive.

    Reply

    • November 05, 2019 at 1:42 pm, Mark said:

      > Yes, by all means let’s use TAXPAYERS money to piss away on stupid projects. Continue to line the pockets of the local ‘connected’ corrupt clowns!

      Reply

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