estimate for project updated
The cost estimate for the FM Area Diversion Project has been updated to approximately $2.1 billion.
The new estimate was presented at the Flood Diversion Board meeting on March 31. Initial projections in 2011 estimated the project would cost $1.8 billion. The costs have increased due to inflation, the rising cost of construction, expanded projects related to in-town levees and an increase in the cost to acquire properties.