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Committee backs $92 million first tranche for State Fairgrounds redevelopment
Summary
The Commerce committee voted unanimously (10–0) to advance Senate Bill 48, approving a do‑pass recommendation for a proposed $92 million first bond tranche to purchase parcels, create 10 acres of green space and fund the water, sewer and pedestrian/traffic improvements in the southwest corner of the State Fairgrounds.
The committee heard a brief presentation on Senate Bill 48 from the bill’s sponsor, who said the measure will enable bonding to fund redevelopment of the State Fairgrounds’ southwest corner. The sponsor said roughly $92 million is requested in an initial tranche for land acquisition, a new 10‑acre…
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