The above Project Cost Update arrived in the mailboxes of homeowners at 2000 St. Regis this week.When the hard sell was being made for this project by the board and Vista, homeowners were assured that the engineer’s report was authoritative and thorough.
Today, they blame being hundreds of thousands of dollars over budget to “unexpected structural repairs”.
The board, Vista, and the engineer assured homeowners that this do-everything-at-once construction plan would save homeowners money (as opposed to doing necessary repair projects over time).
Today, more than a year behind schedule, they say the special assessment will have to be raised, that the reserve funds will have to be tapped – and that the final cost of the project is still unknown.
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