Montgomery’s new Whitewater rafting park has a hefty new $65 million estimated price tag.
Skyrocketing construction costs, inflation, and labor shortages brought on by the COVID-19 pandemic are proving to have a major impact on the project.
Singleton said building the massive entertainment district in the middle of the pandemic has come with a big cost.With inflation reaching it’s highest point in 40 years, the cost to buy and ship materials was way more than originally anticipated. The question now remains how they will offset the over-expenditure. Singleton said he is confident federal funds allotted to the city, county and state through the American Rescue Plan will help.
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