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Tusayan presentation trims Diamondback grant from Sports Complex plan; $15M Phase 1 remains in capital plan
Summary
Council heard that the proposed Sports Complex Phase 1 is estimated at about $15 million across 2027–28; bonding and transfers are expected to cover most costs, and a previously listed ~$1.5M Diamondback grant/contribution has been removed pending clarification.
Town finance staff told Council that the Sports Complex project in the five-year capital plan is a phased undertaking, with Phase 1 split between 2027 and 2028 and estimated at approximately $15 million.
Staff presented a funding approach that relies on bond proceeds and Fund transfers; projected available funding noted roughly $1.25 million from bonding/transfers allocated to the Sports Complex fund in early projections. The presentation also removed a previously-included approximately $1.5 million grant or contribution from Diamondback, and staff described that the grant’s status is currently unknown and will be updated if new information becomes available.
Council did not take a separate funding action on the Sports Complex at this meeting; the topic was presented as part of the Tentative Budget and five- year plan review and will be further refined in subsequent budget hearings and materials.
