A special election for Northlake residents to approve additional funding sources for the financing of a $45 million sports facility will be on the May 6th ballot.
The proposed 165,000 sq. ft. facility, which would be maintained and operated by a lessee, would have two ice rinks for hockey and ice skating and eight hard courts for basketball, volleyball and pickleball. The town would own the complex with construction expected to be completed by 2027.
If approved, estimated project funding will be from the following sources:
10% from 2% increase to the Hotel Occupancy Tax rate
10% from 1/8 cent dedication from the existing Economic Development Corporation sales tax rate
10% from 1/8 cent dedication from the existing Community Development Corporation sales tax rate
70% from lease payments of operator pursuant to an anticipated 30-year lease
Click here to view the Town's feasibility study for this project.
Click here to view the special election ballot language.