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District proposes phased increases to community campus lease rates to narrow operating shortfall
Summary
District staff and the finance committee proposed incremental increases to community campus lease rates—phased over five years with discounts for nonprofit partners—to reduce a substantial operating subsidy the district currently covers for the facility.
District staff presented a recommendation to the board on April 8 to incrementally increase lease rates at the community campus, with larger discounts retained for nonprofit partners, and to transfer leasing management responsibilities from the finance office to the buildings and grounds function.
Director Sean Benion and finance committee members said the community campus currently costs the district approximately $539,000 per year to operate while bringing in about $240,000 in rental revenue,…
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