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Council declines to fund $96,000 feasibility review for proposed performing arts center; group urged to present formal proposal
Summary
City Manager requested $96,000 for consultants and asked the city to float $28 million in bonds to close a funding gap for the proposed Performing Arts Center; council declined to authorize the consultant engagement and directed the group to make a formal presentation instead.
City Manager John Homan told the Spokane Valley City Council on March 17 that the Idaho Central Spokane Valley Performing Arts Center group asked the city to float up to $28 million in bonds to fill a financing gap. Homan said his office obtained an independent cost estimate for two consultants—bond counsel and a financial feasibility reviewer—totaling about $96,000 to vet legal and financial risks if the city were to consider backing bonds for the private‑led project.
Homan said the group’s feasibility study…
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