On Thursday the Blueprint Intergovernmental Agency Board of Directors (IA Board) will consider re-prioritizing two Blueprint 2020 projects. The two projects involve improvements to the Fairgrounds and the construction of a Northeast Park.
The current Blueprint 2020 schedule calls for improvements to the Fairgrounds to begin in 2033 and the construction of the Northeast Park to begin in 2035.
However, elected officials at the June 27, 2019 Blueprint meeting directed staff to present cost considerations for advancing the Fairgrounds and the Northeast Park projects ahead of their current project prioritization.
The Blueprint staff is providing elected officials with two options:
- The elected officials could vote to direct Blueprint to advance the Fairgrounds and Northeast Park projects ahead of three higher ranked projects (Lake Lafayette & St. Marks Linear Park, Monroe Adams Placemaking, and Midtown Placemaking).
- The elected officials could vote to direct Blueprint to fund the Fairgrounds and Northeast Park projects through an additional $26 million bond. This direction would expedite the completion of these two projects and would provide for the implementation of the remaining quality of life projects consistent with the currently approved project prioritization. However, the additional cost of the $26 million bond to the Blueprint program is estimated to be $34.9 million based on current bond rates, which would increase debt service by approximately $2.1 million per year.
The Blueprint staff is recommending that the elected officials not change any construction dates and maintain current project prioritization.
The Blueprint Intergovernmental Agency meeting is Thursday, September 5, 2019 at 5:00 P.M in the City Commission Chambers.