It seems that some people want the east side sports complex to be even bigger than the ten million dollar project the voters approved in the 2012 quality of life bonds.
It looks like the expanded bill will be $23.6 million.
The city plans to create a “Public Improvement District” that would assess fees to homeowners in a nearby new subdivision. According to an article in the Times the fees would bring in about $6.8 million.
The city has already approved a tax increment reinvestment zone (TIRZ) that will get go keep 42.5 percent of property taxes collected above the current tax base in the development. That will amount to between $43 and $55 million.
In other words an area of town wanted a bigger, better, nicer park. City council is allowing them to carve out part of their city property taxes that would normally have gone into the general fund. Instead the money will be used to pay for bonds that the city wants to issue.
We deserve better