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Private economy assigns money to the surveillance station project, spends it, and the asset construction doesn't start next turn, instead it starts a new project. Money invested into surveillance station is seemingly lost. As the asset itself is present in the "flex asset types" under 4021 and can be manually spawned through the debug menu I would guess the private economy project might point to an erroneous asset id.

Is there a Crime Syndicate active?
...because they can torch your new police station before the linoleum is even scuffed.

No, already eradicated, and judging by the fact that after certain population point every other civilian economy project is surveillance station I don't even think the syndicate would have enough money for the gasoline and matches.

Confirmed. Will be fixed in upcoming open beta. Big thanks!