Palm Springs Council approves $30M bond issuance for library and swim center renovations

The Palm Springs City Council took significant steps towards enhancing community facilities during its meeting on May 28, 2025, by approving the issuance of lease revenue bonds aimed at funding renovations for the city library and swim center. This decision is expected to have a lasting impact on residents, as both projects are designed to improve public access to essential services and recreational opportunities.

The library renovation and expansion project is estimated to cost between $40 million and $45 million, with approximately $15 million already secured through grants and Measure J funds. The council plans to finance the remaining $25 million to $30 million needed to complete the project. The swim center renovation is projected to cost around $7 million, with funding also sourced from Measure J. By financing these improvements, the city aims to free up additional Measure J funds for other pressing projects over the next two years.

Suzanne Harrell, the city’s municipal advisor, presented the financing plan, explaining that lease revenue bonds are a traditional method for funding such infrastructure projects. The bonds will be secured by lease payments made by the city for the use of the library and other assets in Sunrise Park, including the leisure center and skate park. The council is expected to hold a public hearing and adopt resolutions to authorize the bond issuance, with the goal of issuing the bonds by June 24, 2025.

During the meeting, council members raised questions about the potential for including additional projects, such as the pavilion and pool renovations, in the financing plan. However, it was determined that these projects are not ready for inclusion at this time due to their longer timelines and design requirements.

The council's decision to move forward with the library and swim center renovations reflects a commitment to enhancing community resources and ensuring that residents have access to quality public facilities. As the city prepares to issue the bonds, it remains hopeful for stable market conditions that will allow for successful financing. The outcomes of this meeting are poised to contribute significantly to the city's broader goals of improving public infrastructure and community well-being.