City officials approve $8 million for completion of Enmarket Arena parking
SAVANNAH, Ga. (WSAV) – City leaders approved an additional $8 million for the completion of Enmarket Arena parking lot project on Thursday.
The controversary started when the city asked $14 million to finish the parking lot, split between the general fund and parking fund. That request is now at $11 million, $8 million of that would go to contractors to do the work to complete the lot.
That includes cleaning up contaminated soil and an additional 2,000 parking spaces.
It is a project City Manager Jay Melder said the city cannot walk away from.
'Leaving the property as it currently sits could result in exposing citizens to the contamination through the effects of wind and rainfall and direct exposure, if site security is not maintained,' Melder said.
Council was given three options, two of which were not recommended for financial, environmental or legal reasons. The recommended, approved plan includes removing the contaminated soil, paving the area and turn it into a paid parking to help earn some of the city's money back through fees.
'I've asked for an additional $11 million to be budgeted from capital contingency and our parking fund balance not taking from any other projects for a total of $26.8 million, which we're not projecting to spend,' Melder said. 'And then the final column is the contract modifications needed and there's one the API contract, which are construction contract at $8 million modification.'
Council members agree the contaminated soil needs to be dealt with, but not everyone is on board on the parking lot solution.
'It's moments when I had a graduation and I spoke with a couple of families throughout the graduation process, and they had multiple questions of what was going on with the construction over there,' Alderman Detric Leggett said. 'So, when we told them that it was a construction for more parking spaces, everybody was elated.'
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
8 minutes ago
- Wall Street Journal
Heard on the Street Recap: Musk's xAI Debt Deal
U.S. hiring slowed mildly. The economy added 139,000 jobs in May, down from 147,000 in April, but above the 125,000 roles economists expected. The unemployment rate was steady at 4.2%.
Yahoo
20 minutes ago
- Yahoo
Trade war: US-China talks in London aim for widespread truce
Top US and Chinese officials are meeting in London on Monday in the hope of making further progress in easing the trade war between the world's two largest economies. The eyes of global financial market investors are firmly on the outcome of the discussions, given the damage already inflicted by the spat and wider US-led trade war. The US delegation is led by Treasury secretary Scott Bessent while China's vice premier He Lifeng - a respected negotiator at the top of the Chinese government - will represent his country. The venue has not been disclosed. Money latest: It is hoped the talks will build on the preliminary agreement struck in Geneva that removed the effective trade embargo between the two nations. That deal amounted to a 90-day reduction in effective tariff rates above 100% to allow for further talks. A phone conversation between Donald Trump and his Chinese counterpart Xi Jinping last week set the scene for Monday's negotiations. Mr Trump later said that Xi had agreed to resume shipments to the US of rare earths minerals and magnets. They had been suspended by Beijing in response to Mr Trump's tariffs and were seen as an effective tool in getting the US to talk due to the havoc it inflicted on supply chains central to many American manufacturers - the very sector the US president is trying to bolster through his "America first" agenda. It emerged on Monday morning that Boeing had resumed shipments of planes to Chinese customers. Mr Trump has described the status of the negotiations as "very far advanced" but China, in its own remarks, has been more critical of the US position. A Chinese government readout of the Trump-Xi conversation said the Chinese premier had told his US counterpart to back down from inflicting further hurt to the global economy. The trade war to date has damaged growth widely, with official US figures showing a sharp slowdown in the first quarter of the year - before the worst of the tariff regime had even been announced. Data out of China on Monday showed deflationary pressures had deepened as factory gate prices - an important signal on future price growth - slid further into negative territory during May as demand for goods continued to drag. Customs data had already showed that China's exports to the US - its biggest single market - slumped by 34.5% year-on-year during May in value terms. That was up from a 21% drop the previous month. Read more:Diplomatic win for UK by hosting US-China talks White House spokeswoman Karoline Leavitt told Fox News: "We want China and the United States to continue moving forward with the agreement that was struck in Geneva. "The administration has been monitoring China's compliance with the deal, and we hope that this will move forward to have more comprehensive trade talks." A UK government spokesperson said of hosting the negotiations: "We are a nation that champions free trade and have always been clear that a trade war is in nobody's interests, so we welcome these talks."
Yahoo
26 minutes ago
- Yahoo
J. M. Smucker (SJM) Q1 Earnings Report Preview: What To Look For
Packaged foods company J.M Smucker (NYSE:SJM) will be announcing earnings results tomorrow before market open. Here's what to look for. J. M. Smucker missed analysts' revenue expectations by 1.7% last quarter, reporting revenues of $2.19 billion, down 1.9% year on year. It was a mixed quarter for the company, with an impressive beat of analysts' gross margin estimates but a miss of analysts' organic revenue estimates. Is J. M. Smucker a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting J. M. Smucker's revenue to be flat year on year at $2.19 billion, in line with the 1.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.25 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. J. M. Smucker has missed Wall Street's revenue estimates six times over the last two years. Looking at J. M. Smucker's peers in the shelf-stable food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. SunOpta delivered year-on-year revenue growth of 9.3%, beating analysts' expectations by 3.7%, and TreeHouse Foods reported a revenue decline of 3.6%, in line with consensus estimates. SunOpta traded up 28.3% following the results while TreeHouse Foods was down 8.3%. Read our full analysis of SunOpta's results here and TreeHouse Foods's results here. Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices flat over the last month. J. M. Smucker's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $121.36 (compared to the current share price of $111.50). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
