LCDC enters McEuen money talks
Tom Hasslinger | Hagadone News Network | UPDATED 12 years, 9 months AGO
The city of Coeur d'Alene's Parks Department is expected to request financial support Wednesday from Lake City Development Corp. for the McEuen Park redevelopment project.
Parks Director Doug Eastwood and Team McEuen are scheduled to make a presentation on the downtown park project and request financial support before the urban renewal agency at 4 p.m. in the Community Room of the Coeur d'Alene Public Library, LCDC director Tony Berns said.
The urban renewal agency has long been identified as a likely financial supporter for the project, though a formal request has yet to come.
Last year, the agency secured a $16.75 million line of credit from Washington Trust Bank. At the time, the agency said it could spend $11.7 million on projects inside the Lake District, the boundary in which McEuen Field sits.
Eastwood recently said the city could put in phase one of the project, called the footprint, at a high end cost of $17.2 million. It has roughly $15 million identified, including support from LCDC, as possible revenues to pay for it, but not including fundraising or donations.