Mixed Use Library Project - Costs Frequently Asked Questions

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Expand/Contract Questions and Answers

  • What is the benefit for the City, assuming it provides subsidies for the project through TIF or some other form of funding?

  • How much will it cost to demolish the Soldiers Square Ramp?

  • How much will it cost to build the temporary parking lot?

  • Does the City have to buy back the Soldiers Square ramp or the homes to build the temporary parking lot?

  • How much (roughly) tax revenue will be generated for the City in the first year the development is completed? How much to support the school district?

  • Will this result in more taxes and/or fees for residents?