Yes Marty, I believe the losses will exceed the difference between the current budget and the anticipated number in the referendum.  I posted this breakdown a week or more ago:

for wild a** guess purposes, lets assume Blades $3,197,000 bid includes 15% profit and that the remander is 50% materials and 50% labor.

1. Expenses already paid -- $193,000
2. Blades profit -- 15% X $3,197,000 = $479,550
3. Blades materials purchased -- 50% X $1,358,725 = $679,363
4. Blades labor expended -- 20% X $1,358,725 = $271,745
5. Site work completed -- 33% X $715,500 = $236,115
6. Permits and Bonds purchased -- $83,995
7. Management Fee -- 10% X $172,440 = $17,244
8. Testing -- 25% X $257,050 = $64,263

A Possible Cost for a Mid-February Shutdown -- $2,025,275

I'm sure you can take issue with each figure so lets see your estimate in the same level of detail.  Please include all costs you think may occur before the earliest date you think a vote can be taken.

Bill Z