Remaining $1.3 million stolen from Downtown El Paso streetcar project still not recovered
The Downtown streetcar project is $1.3 million shy of its $97 million budget about a year after the city and the agency overseeing the project fell victim to an email phishing scam.
Raymond Telles, executive director of the Camino Real Regional Mobility Authority, which is overseeing the construction of the project, said the agency has absorbed the loss through conservative financial planning throughout the course of the project.
“The impact is that the final contingency fund for extras at the end of the project for stuff like additional landscaping or whatever is cut short (by the $1.3 million)," Telles said.
Telles said the CRRMA knew from the beginning it would not receive any additional funds from the Texas Department of Transportation, which is funding the project, or the city, which has said it would not contribute any funds to it.
Read more: http://www.elpasotimes.com/story/news/local/el-paso/2017/11/10/remaining-1-3-million-stolen-downtown-streetcar-project-still-not-recovered/853304001/