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Q&A
Impact of tariffs on jail construction cost estimates
1:04:42
·
74 sec
Council Member Christopher Marte inquires about updated cost estimates for jail construction in light of recently announced tariffs. Jonathan Lippman acknowledges the challenge of providing accurate estimates due to the rapidly changing situation.
- The Chinatown jail project was estimated at over $4 billion as of February
- Lippman admits that the commission hasn't been able to modify estimates due to the frequent changes in tariff policies
- He commits to keeping a close eye on the situation and its potential impact on the project costs
Christopher Marte
1:04:42
Alright.
1:04:42
Thank you for that response.
1:04:44
My second question is, I know this report came out before our president announced tariffs across the world.
1:04:55
And have you been able to modify your estimates for the cost of the creation of of the jail now?
1:05:02
You know, at least the Chinatown loan was over $4,000,000,000 as of February.
1:05:07
Have you guys been able to monitor how tariffs are gonna affect the total cost of the project?
Jonathan Lippman
1:05:13
It's a great question.
1:05:14
We haven't because, you know, it changes every day.
1:05:17
Yeah.
Christopher Marte
1:05:17
Oh, well.
1:05:18
Sadly.
1:05:19
Right?
Jonathan Lippman
1:05:19
So try and figure that out.
1:05:20
It's not an easy thing.
1:05:22
I guess we're gonna keep an eye on it would be the best answer.
1:05:25
But, you know, it's a it's a world in flux and those kinds of issues and how the impact is.
1:05:34
But you really have to follow the fine print because it you know, it goes back and forth every other you know, literally every other day.
1:05:42
But we're gonna be very keep a very close eye on that very impactful issue that affects everything and everybody, including this issue that that we're dealing with.
Christopher Marte
1:05:55
Thank you.
Jonathan Lippman
1:05:55
Oh, thank you.