Thanks to CAGW - Citizens Against Government Waste, for reporting this.
I recommend you subscribe to their notices at www.CAGW.org
I have asked Lake County's Congressman Daniel Webster to investigate this
situation or request a GAO investigation.
Vance
Porker of the Month: CFPB Director Richard Cordray
Citizens Against Government Waste (CAGW) has named Consumer Financial
Protection Bureau (CFPB) Director Richard Cordray Porker of the Month for
his gross mismanagement of the CFPB's headquarters renovation budget, which
has ballooned by almost 300 percent from a projected initial cost of $55
million to $215.8 million. According to a June 30 Federal Reserve Board of
Governors Office of the Inspector General letter, CFPB officials were
"unable to locate any documentation" related to the renovation, which
includes such luxurious amenities as an indoor waterfall, a four-story glass
staircase, a sunken garden, a custom "green" roof, and stools commissioned
from world-renowned sculptor Maya Lin. The House Financial Services
Committee has stated that "the CFPB is spending much more per square foot
[$590] than it cost to build the Trump World Tower ($334/square foot), the
Bellagio Hotel and Casino ($330/square foot) and the Burj Khalifa in Dubai
($450/square foot)." For breaking the budget on the CFPB's headquarters
renovations and for being just another "loser" in a long line of
administration officials who cannot keep track of important documentation
related to accountability and transparency, Director Cordray is the July
Porker of the Month. Read more about the Porker of the Month
.