Arena vs pool
Asked by Anonymous · a month ago
Do you feel about the 5% tax increase to build another arena before we build a pool?
Peter Barbati's answer
Pools are nice, but never pay for themselves. The 5% refers to the "arena build in one of the 3 options", not including a pool. Keep in mind that the 5% is on top of any other usual increase for any given year. The cumulative tax increase from 2022-2026 (inclusive) is around 27%.
Also consider that the p/i of the $46 million option (no pool) is about 2.8m per year. Then you add the operational costs and subtract the actual usage fee to arrive at the net cost, then add any repairs or depreciation. The cost to build is just one factor.
I believe we need to review the plan and instead of asking a service to offer a suggestion, we should come up with the requirements, with a FULL and comprehensive understanding of the actual costs, and then request a tender based on our acceptable budget.
