Five months after a forensic investigation by Ernst and Young raised questions about financial practices tied to Centerra’s urban renewal plan, the Loveland Urban Renewal Authority board is facing a decision about how much further they want the investigation to go and how much they are willing to spend to get there. According to the Loveland Reporter Herald, on Tuesday, members will receive an update on staff actions taken following the release of the national accounting firm’s review of Centerra and its network of related entities and discuss a proposal for an additional $655,000 in forensic analysis services. If approved, the additional work would bring the total cost of the Ernst and Young review to approximately $905,000, including $249,000 already spent on the first phase.
Loveland Urban Renewal Authority board to consider additional $655K for Centerra investigation
