From the very beginning, plans for the new convention center have been met with a lot of resistance from folks who are concerned about the city taking on such a huge project in the midst of a sour economy. Supporters of the project insist that it’s an investment–we have to spend money to make money. At least part of the funding will come from taxes targeted at tourists to shift the burden off of local taxpayers. But how much is too much? This morning, a reader tipped us off to News Channel 5′s investigative report that made us do a bit of a double-take:
The politically connected firm McNeely, Pigott & Fox agreed to provide public relations services to the Metro Development and Housing Agency, which oversees the convention center project.
According to the original contract, spending was not supposed to exceed $75,000. Months after signing the contract, Metro deleted the “not to exceed” portion.
Now, spending has ballooned to more than $458,000.
The nearly half million dollar price tag has included a positive article in the Tennessean, help with speeches, keeping an eye on blogs, posting on internet forums, maintaining the website, Facebooking, and Twittering. According to the report, even councilwoman Emily Evans was a little shocked when a reporter showed her the latest figures, saying “If we’re not managing the contracts now, where are we going to be $500 million from now?” With this latest news, we wanted to give our readers the chance to sound off:
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