The core of the proposal:
Quote:Neither BPD or the paper suggests what chance of the proposal's success. About all it has is a description of what they intend to build.:
City Manager John Bramble (...) is proposing a tax of 20 cents on each $100 purchase to fund construction.
If it passes, the new money could total as much as $31.8 million. Eighteen million of that goes to principle and interest on $18 million worth of bonds, and $5 million would be put into what Bramble called a “futures” account for upgrades or major maintenance.
The city sales tax rate would increase from 3.75 percent to 3.95 percent. The new tax would sunset in 25 years.
Quote:So... there'll be some "Hot Stove League Expansion Action" to watch this fall.
If successful, the bond proceeds would build the stadium and related facilities, such as locker rooms, administrative offices, youth play areas, concession areas, a concert stage, a scoreboard, lighting and a parking lot. The stadium would include up to 12 suites.
