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Council delays bond referendum language for yacht club; will wait for RFI/P3 responses
Summary
Council debated whether to prepare general obligation bond language for a proposed $225M+ yacht club and instead opted to wait for public‑private partnership interest and RFI responses before drafting referendum language.
Council members debated whether the city should ready general obligation bond language to finance a proposed yacht club project or first solicit private interest through RFIs and public‑private partnership (P3) avenues.
Council member Kadook argued potential financing totaling $225 million or more should be put before voters, saying, "If we're gonna be at 225,000,000 plus, they should be saying yes or no." Others warned that preparing…
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