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Forest Park advisers outline $104M city center plan; council delays bond sale until after SPLOST vote
Summary
Forest Park advisers presented a plan to finance a roughly $104 million city center and recommended waiting to issue bonds until after a November SPLOST vote.
Forest Park’s finance adviser presented a funding plan on Aug. 4 for a proposed city center building — an approximately 200,000‑square‑foot facility that would house city hall, police, recreation and parking — estimating a total project budget of about $104 million.
"So the proposed budget for the city center is a 104,000,000," finance adviser Ed Wall told the mayor and council during a detailed presentation that included debt‑service charts, bond‑sale strategies and a sensitivity analysis tied to special‑purpose local‑option sales tax (SPLOST) receipts and tax‑digest growth.
Wall and staff described current resources the city could apply to the project: roughly $29.675 million from a 2021 bond issue…
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