Early info indicates Fairfield Metro budget gap could top $6M
Updated 5:21 pm, Tuesday, August 16, 2011
Preliminary numbers from an audit of the Fairfield Metro Railroad Station cost overruns indicate it may take approximately $6.3 million more to finish the station.
Interim First Selectman Michael Tetreau stressed to the Board of Finance audit subcommittee on Monday that the figures, at this point, are estimates and could change, although he added that he doesn't expect any "drastic changes."
When Tetreau first revealed the cost overruns shortly after taking office in June, estimates were that the shortfall could be anywhere from $2 million to $6 million.
The Board of Selectmen is scheduled to meet Aug. 24 to vote on additional funding needed to complete the town's third train station, while the finance board will meet Aug. 26 to act on the request. The Representative Town Meeting will meet Aug. 29 and 30.
Tetreau said about
$38 million was authorized for construction of the project by the partnership among the state, town and private developer, including the off-site intersection improvements. Now, however, based on July estimates, the total construction costs will be approximately $44 million. The audit subcommittee will meet again at 5:30 p.m. Thursday in Sullivan-Independence Hall to complete its report and have it ready to deliver to town bodies by the end of the business day Friday.
"I want to give it to Mr. Tetreau as soon as possible," Chairman Kevin Kiley said. "There's a lot in there. Kiley said, though, based on preliminary information received from auditor Joseph Centofani, all the numbers seem to match up -- i.e., money was spent where it was supposed to have been spent.
The subcommittee and Tetreau also complimented town Economic Development Director Mark Barnhart, who took on the role as the town's project manager for Fairfield Metro since no one was hired for the job, for his demeanor in answering the committee's questions last week.
"He never got defensive," Tetreau said, and always knew "all the numbers" for the project, which was initially proposed more than a decade ago.