135 to 237 Million Dollars Give Or Take
by TC Morgan
Title
135 to 237 Million Dollars Give Or Take
Artist
TC Morgan
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Photograph
Description
That's how much we paid for the new Newport Beach, CA city hall & library. Seems cheap to me but some people are saying they spent too much. This 16 acer lot has been transformed into an amazing place. The design is to give the feel of a sail boat. It's a mile walk around the whole place. 135 million dollars in a city with so many houses that cost 5-25+ million each is cheap. And I heard they even came in under budget. But by the time the loans are paid off in 30 years, the total bill to taxpayers will be at least $237 million dollars. Which sounds like a lot but if you account for real inflation of at least 10% a year it's still cheap.
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March 31st, 2015
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