With project costs up, overnight riverboats out of business, the city budget stretched, and a tax increase under consideration, the answer is NO. It's time to pause, get accurate information and do a cost benefit analysis of the project before approving any more money or signing any more contracts.
MemphisCobblestones.com looks at "How far is too far to turn back?"
Memphis is not alone in the dilemma of how to deal with expensive projects in this down-economy.
The economic downturn has reined in a lot of ... big dreams and has also led to questions about whether ambitious building projects from Buffalo to Berkeley ever made sense to begin with
according to a New York Times article.