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St. John RDC approves lease plan, preliminarily clears up to $19.81 million in bonds for amphitheater expansion
Summary
The Town of St. John Redevelopment Commission on May 28 unanimously adopted a resolution approving a proposed lease and preliminary bond parameters to finance the Heartland Park Southern Expansion amphitheater project, with officials saying the structure is intended to be approximately tax-neutral as older debt sunsets.
The Town of St. John Redevelopment Commission voted 5-0 on May 28 to adopt Resolution 2025-05-28 A approving a proposed lease with the St. John Redevelopment Authority to finance the Heartland Park Southern Expansion amphitheater project.
Town Manager Billy said the lease "is for financing of the amphitheater project through the issuance of, lease rental bonds." He described the town as the lessor and the redevelopment authority as the lessee and said the lease will "secure the financing."
Greg Balsano, a municipal advisor with Baker Tilly Municipal Advisors, told…
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