Another Olympic-sized pool project may soon be heading to the Green Bay City Council for consideration. But this one involves a private developer – seeking a smaller investment from the city.
This week Tundra Lodge officials unveiled plans for an Olympic-sized pool and outlined to Redevelopment Authority members like Alderman Joe Moore, the funding they’d need from the city to help make it a reality.
“To put the Olympic-size pool in here and make it an aquatic destination, I do see that vision,” said Moore.
Tundra Lodge is asking for $3 million from the city in TIF funding. With it the city’s portion would be paid back over 20 years from property tax revenue from the renovated and expanded hotel.
Green Bay’s economic development director calls that a significant savings, assuming an expected city contribution of $3.5 million to build a 50-meter pool at Colburn Park would require $6.5 million to service the debt – again over 20 years.
“We can form a really great public/private partnership and if it comes to building an Olympic-size pool in the city of Green Bay, from a tax perspective it really makes sense,” said Vonck.
But Alderman Chris Wery questions the proposal, coming just as engineers develop plans for bid – for an Olympic-size pool at Colburn Park – where $1 million in donations have been pledged towards the project. He says the city made promises – it simply must keep.
“It’s a matter of honoring our commitment and promise to the citizens and people who are on the Friends of Colburn Pool – who in good faith raised a million dollars towards an Olympic-size pool,” Alderman Wery said.
“There will be some kind of water amenity, smaller pool or whatever at Colburn Park – and hopefully we see something here (Tundra Lodge) as well,” said Moore.
The RDA instructed staff to continue exploring the idea. A formal proposal is expected at the RDA’s next meeting.