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Commission discusses rec-center feasibility study and multiple financing approaches
Summary
Commissioners and staff reviewed a feasibility study showing a large rec center option and discussed scaling down to match financing prospects, debating construction bonds, revenue bonds and lessons from other cities' votes and maintenance funding.
Staff summarized a feasibility study that analyzed a large rec center with many amenities and noted the full-build option would be expensive; staff said the city likely will pursue a smaller version similar to nearby Redmond's facility rather than an extensive $200 million-style project.
Commission members discussed financing options, including construction bonds and revenue bonds, and referenced other cities' experiences—staff said Parks would operate the facility and that maintenance could be supported in part by new tax revenue from data centers. The commission acknowledged that if voters do not approve maintenance or construction components, financing paths become more complicated.
