It’s important to note that there are no details yet on the economic stimulus program so it is unclear how any of the projects will eventually be evaluated. The only guidance provided indicated that the projects should be shovel-ready (ready for construction) in 2009. NEFCO asked for a single sentence description of the prospective projects with an accompanying cost estimate which is what we provided in the summary list.
Given the very short turn-around time we did not have time to run the list through Council yet but we are scheduled to present the list at a special committee meeting on January 21. With the City of Akron submitting a wish list of 473 projects and Cleveland asking for $780,000,000 in project funding our goal was to put as much on the list as possible that met the minimum criteria. Our project list does not commit us to anything at this point but failure to include a project on the list could prevent us from seeking funds later on for that project so we preferred to err on the side of more projects than less at this time.
In total the Kent staff came up with 16 projects with a total need of $23,150,000. Here’s the list: