CapMetro says the reason for this price hike is due to several factors, including an increase in inflation, design costs and real estate values.
Rebuilding 4th Street is a big part of making the downtown vision for Project Connect happen, with the focus being on people and not vehicles.
CapMetro also says that the increased annual construction cost escalation from 3.5% to 5% resulted in a potential impact of approximately $380 million.
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