Statement: “The Plaza de Panama Committee has agreed to cover all cost overruns to ensure that there is no risk to taxpayer funds,” reads a frequently asked questions page on the Plaza de Panama project’s official website.
Analysis: People behind a plan to remake Balboa Park’s western entrance with a new bypass bridge and parking structure have a plan to pay for it. Qualcomm co-founder Irwin Jacobs’ committee has pledged to raise at least $26 million in private donations for the project. The city would pitch in $14 million for the parking structure. The City Council is scheduled to vote on the plan next Monday.
Balboa Park Plan's Risk to Taxpayers: Fact Check
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