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Re: "NCFPD moves forward to secure Station 5 financing" [Village News, 9/5/2013]

 

Last updated 9/19/2013 at Noon



I read with great interest that the NCFPD was unable to further lower costs for the long delayed Station # 5.

The Sept. 5 article stated the current bid cost is about $4.7 million, which was about 34 percent higher than the 2010 estimate of $3.5 million. The article claimed the cost increase was due to inflation in construction costs.

A quick review of the nationally published cost indices for San Diego for the same period of time indicated that costs have increased about 2 percent per year over the same period or a total cost increase of about 6 percent. The difference is about $980,000....



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