North Augusta City Council gets first financial update on Riverside Village

By  | 

Monday, May 7th, 2018 / News 12 at 11 o'clock

NORTH AUGUSTA, S.C. (WRDW/WAGT) -- It's first real update about the financial status of Riverside Village... since the new ballpark opened.

"We're on track--actually doing a little bit better than what the model predicted," said City Councilman Fletcher Dickert.

The mayor says the ballpark and Village have made $2.5 million in gross revenue to date--a little better than projections.

That's music to some neighbors' ears.

"They had to show everyone they knew what they were doing--and I think that amply," said Mark Phifer.

Dickert also says they should continue to keep trending that way.

"If everything in the development goes exactly per the plan--we should--we should exceed those expectations," he explained.

But--that's a big if.

"There's many other components that I'm concerned about, that I just want to make sure are tracking," he told News 12.

That's an update neighbors like Phifer also want to see.

"[I'd like to know] when things will be completed...and you know, a status of the cost versus what they had budgeted," Phifer said.

Right now--Dickert says he's most concerned about the office building, condos, and senior living center--which are not yet being developed.

"I want to see ALL of the components in for permitting. And I want to see ALL of the components having crontractors lined up," he said.

He told News 12 the city may need to apply some pressure.

"Just wanna see that the developer is taking some little extra steps to honor his commitment," said Dickert.