Bond-funded parks and recreation project list (~$47 million)
The Colony
Summary
Staff laid out a project wish list — rec center, athletic complex renovations, aquatic park, pickleball, playgrounds — to be funded by a new bond of roughly $34 million (20-year) or $40 million (30-year) at $2.5 million annual debt service. The board gave direction to prioritize rec-center-related projects first and most members leaned toward the 30-year option.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jun 11, 2026.
Impact analysis
A $2.5 million annual debt service payment, funded by CDC sales tax revenue.
Residents who use parks, trails, athletic fields, the aquatic park, and the rec center.
Mentions & discussions (2)
COMMUNITY DEVELOPMENT CORPORATION - Jun 11, 2026
The CDC will issue a 30-year bond to fund priority parks projects like the Rec Center renovation, locking in an interest rate quickly to hit a September disbursement. A special session June 18 kicks off the process with final approvals targeted for September 1.
Community Development Corporation - Apr 9, 2026
Staff laid out a project wish list — rec center, athletic complex renovations, aquatic park, pickleball, playgrounds — to be funded by a new bond of roughly $34 million (20-year) or $40 million (30-year) at $2.5 million annual debt service. The board gave direction to prioritize rec-center-related projects first and most members leaned toward the 30-year option.
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