The city is projecting coming in at less than the expected $1 million promised to SIUC this year for the Saluki Way project. Looks like this year's contribution will run around $10,000 short.
Update: Courtesy of Chris Wissmann, here's the applicable text of the contract between the city and SIUC:
"The City agrees to pay the University an amount equal to 1/4 of 1% of the revenue generated each year by the city from its Home Rule Retailer's Occupation and Service Occupation taxes to assist in the payment of costs associated with the Saluki Way project. In no event shall said amount exceed [$1 million] per year or [$20 million] over the entire term of the contract."
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