The projected facility cost is between $56.9 and $60.7 million. Four primary funding mechanisms for debt service are a two percent increase to the Transient Lodging Tax; expanding our Airport Car Rental Tax to apply citywide; a $2.40/ month increase to the Park Utility Fee; and early repayment of a U.S. Cellular Community Park construction bond.
An increase to the Transient Lodging Tax requires voter approval in May 2020.