| Pros | Cons | Match @ 20% and 100% of design costs** | |
| Priority 1 Items* | |||
| $583,411 | lower match required | doesn't complete whole project | $175,023.30 |
| more advantageous if there are high number of TE historic category projects | second phase likely requires future TE grant round | ||
| All Priority Items* | |||
| $1,354,000 | Te grant committee could redue total amount of project if there is a large number of competing grants | higher match | $406,200.00 |
| completes project | |||
| *possible ways to reduce overall costs | Amtrak ARRA funding project ($600,000 including platform) | ||
| private funding | |||
| other grants | |||
| historic tax credits (possibly $50,000 in 2012) | |||
| possible in kind work | |||
| possible reduction of east parking lot west landscape garden to reduce project by approx. $337,000- other TE | |||
| ** Design costs estimated at 10% | |||