City's capital project 'carry forwards' add up to $44.7 million

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Report to finance and audit committee highlights work still left over from 2023

The city still had $44.7 million worth of work left in its capital projects job jar by the end of last year, according to a report to the finance and audit committee on so-called "carry forwards" from 2023.

A further $4.16 million from another 15 projects was "relinquished," or put back into reserves for other projects. For example, of the $260,350 worth of improvements budgeted for Studio 2880, just $69,834 had been spent by the end of 2023, leaving $190,515 to go. Bids on the project went well over the budget council had approved when it was taken out to tender in fall 2022 due to the post-pandemic market and trouble finding workers skilled in the theatrical rigging industry, council was told.

 

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