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I am anchor
NFL
Posted
Charles Boettger
No Fountain Lagoon! Join the NFL! Why?
The lagoon will cost too much to build, pay developer fees and operate. Try $20 million if the lagoon were to be open for 30 years.
The projected actual use will be only 4-5 months per year, closed 7-8 months per year, with fixed costs paid by taxpayers 12 months per year.
The contractor will likely go belly up in a year, leaving the lagoon to fester upon all of us while taxpayers will still be on the hook to pay for the bond, plus town maintenance costs
Where did this information come from? Just think about it: Who will swim outside in December? January? February? March? April (maybe), May (maybe), June (way too hot), July (nope), August (nope), September (maybe) October (maybe), November (nope). Our mayor/Council said the lagoon will cost $4 million to construct it, paid by property owners with a bond stuck on our property taxes. When paid off in 30 years, we will have paid $6 million with interest.
Our mayor/Council agreed to pay annual developer fees of $200,000. Fact. Over 30 years with 2 percent inflation equals $7.5 million, plus town costs. Will the Town hire a contractor? Run it by Town staff? A combination?
Regardless of who runs it, somebody’s got to pay either in contract billing to the Town or by the Town for labor costs to collect admissions, enforce rules, do inspections daily, clean up debris, fix things; hire, train and manage lifeguards; pay for site expenses, utilities expenses, amenities, kayaks, paddle boards, chairs, umbrellas and the big one, insurance. Try another $6.5 million over 30 years
Question: How much is $6 million+$7.5 million+$6.5 million? It will be paid by taxpayers. Join the NFL: No Fountain Lagoon. No way.
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