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Commission approves $1 million RLF contribution to Pittsburg State outdoor track project
Summary
The commission accepted the EDAC’s unanimous recommendation to allocate $1,000,000 from the revolving loan fund (paid over 10 years) to support Pittsburg State University’s outdoor track and field project, citing potential hotel and economic benefits and ongoing private fundraising.
The Pittsburg City Commission voted Nov. 12 to accept the Economic Development Advisory Committee’s unanimous recommendation to allocate $1,000,000 from the city’s revolving loan fund to support Pittsburg State University’s outdoor track and field project.
City staff said the $10,000,000 project would be paid in part by private fundraising, and the city’s contribution is intended to be paid out over 10 years (about $100,000 annually).…
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