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Op-Ed: In Fields Project’s Wake, Town Treasurer Candidate Says New Canaan Can Do Better
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There is an old saying about construction projects: “good, quick, cheap – pick the two you want because you can’t have all three.” I don’t know enough about the $800,000 additional funding requirement to complete the turf fields / track project to suggest which of these criteria mattered most at the time the project was planned, nor will I repeat all that has already been written about this matter, which divided the Town Council. What I will say, as a CPA and candidate for Town Treasurer, is that town hall needs to learn from the mistakes that were made and install stronger financial controls over major capital projects, from the budgeting stage, through bidding and contracting, and during construction. In public / private partnerships such as this one, it is the town that has to make up the shortfall if additional private funds are not forthcoming. I am a director of a small gold mining company that has recently completed the development of a complex underground mine on time and on budget, for a cost of roughly ten times that of the fields project. We have undertaken other capital projects over recent years, smaller in scope, that have run over budget.