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Resource ID: #16122
Subject: Development
Source: New Times (Phoenix)
Date: May 20, 1999



A Phoenix News Times investigation revealed "City of Tempe officials misled the public by stating the cost of construct(ing) a lake in the Salt River bed was $45 million. Careful review of ... city documents revealed the cost of the Rio Salado Project will likely top $200 million.... (and) $1 billion in commercial, retail and residential development that is supposed to go hand in hand with Town Lake is not imminent."

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