According to the Statesman, "the boardwalk trail over and along Lady Bird Lake might cost at least $3.3 million more than estimates released for the 2010 City of Austin bond election that authorized the project. The city received eight bids for the work, all far exceeding the expected cost." Despite the significant projected cost overrun, the City remains committed to finding the funds to complete the popular downtown project.The Hike and Bike Trail that runs alongside Ladybird Lake in downtown Austin is one of the City's most-valued recreational areas. 3,000 - 15,000 people use the . . .