Papillion has approved a $36 million bond issue for its community and recreation center, Papillion Landing, taking shape at 96th and Lincoln Streets. The center is projected to cost about $48 million.
The Papillion City Council approved the bond issue at a Tuesday meeting, waiving the three readings usually required to approve an ordinance. The bond will cover the site acquisition, improvements to Lincoln Street and site work. It will also go toward some non-community center uses: improvements to Papio Bay, Halleck Park and the Parks Maintenance Building.
Papillion Landing’s construction is on track, said Mayor David Black. The field house is expected to open this fall, and the community center will open in fall 2019.
“In the next two years, we’ll see a lot of change,” he said.
The $36 million bond issue joins two previous issues, which together totaled $25.5 million. Altogether, the city is bonding about $61.5 million for the community center and other recreation improvements.
In 2016, voters approved a half-cent sales tax increase for the community center. So far, Papillion has collected $3.8 million from the sales tax increase, according to city figures. That revenue is earmarked for recreation.
The city also received a $750,000 matching grant from the Nebraska Department of Economic Development. Per a contract the city entered into with the state, Papillion will be required to match the grant with at least $750,000.
The grant comes from the Nebraska Civic and Community Center Financing Fund, which uses a portion of revenues from the state turnback tax.