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Cost Climbs for Toledo Water Plant Modernization
By: Associated Press
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TOLEDO, Ohio (AP) – Officials in northwest Ohio have learned that modernizing the Toledo water plant to fend off Lake Erie algal toxins will cost $188 more than originally thought.
The Blade reports the project was originally thought to cost about $312 million, spread out over 20 years. But the state Environmental Protection Agency demanded a faster pace in 2014 and the new cost has reached about $500 million.
The city is about 12 percent into a 10-year project to modernize the plant. It began in 2012, two years before an algae-induced water crisis.
The city is selling bonds and has obtained grants to pay for much of it, but it’s unclear how it’s going to pay off the final $188 million of the project.