There are more problems with the budget at IAH surrounding the Mickey Leland International Terminal Redevelopment Project-- it’s soaring once again. KPRC2Mario has more on this: iah kprc2 click2hou
It was back in the fall of 2018 that KPRC 2 Investigates first revealed the roller coaster budget was at $1.2 billion, according to Houston Airports System Director Mario Diaz and Mayor Sylvester Turner.
At the time, Director Diaz tried to make the point very clearly as to where his budget was following a State of the Airports address: “Get the facts straight, get it straight and then we have reduced it $1.2 billion, saving $500 million dollars.” Mayor Turner also was proud of the fact that an initial budget in the neighborhood of $700 to $900 million announced before he entered office in 2014 was slightly over $1.2 billion. The increase came after the mayor changed the plans, saving Houstonians $500 million after finances had spiraled.However, nearly a quarter-of-billion dollars in savings are now gone. The $230 million dollar increase is the result of rising costs in recent years, according to the airport.
When Diaz went before the city’s Economic Development Committee last month, he made it clear, “The original budget was $1.3 billion.”“It was 2019 that we established the budget, this new budget at $1.3 billion,” said Diaz.“I remember this being a lot less expensive than $1.3,” Martin said.We took our findings to the Houston controller.The city’s financial watchdog has concerns over the loss of $230 million in savings.After several delays, the project was set to be completed by the end of 2024.
Brown said he is concerned the budget will climb again and the real savings will not be known until the project is fully completed. It is important to keep in mind that the project relies on public dollars paid by travelers at Bush Intercontinental.
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