Politics & Government
Ardmore Transit Center Project Financial Summary Posted On Website
Nearly $5.8 million has been spent on the project to-date. The township is responsible for approximately $2.3 million.
A staff report of the overall expenses incurred from 2003 through 2011 for the proposed Ardmore Transit Center and Revitalization Project has been posted on the Township's website.
The report states that nearly $5.8 million has been spent to-date; of this amount, approximately $2.3 million is the responsibility of the Township. Approximately $2.5 million has been funded from grant reimbursements received and approximately $1 million is to be reimbursed to the Township by Dranoff Properties from the Project.
The staff report provides detailed background information, outlines categories of expenses, sources of revenues, Dranoff Expenses and a financial summary. All Ardmore Transit Center information can be accessed from the home page "Topical Issues" prompt on www.lowermerion.org.
