Funding for the Pella Rec Center Project
The Pella Rec Center will be funded using a combination of cash-on-hand, private donations and other sources. Listed below is an overview of the proposed funding plan.
| FUNDING SOURCES | |
| City of Pella Local Option Bond | $17,000,000 |
| Private Donations* | $16,900,000 |
| Total Funding Sources | $33,900,000 |
| PROJECT | |
| Recreation Center | $39-42,000,000 |
| Est. Total Project Cost |
$39-42,000,000 |
| Funds Needed |
($5.1 – $8,100,000) |
*Fundraising efforts are underway by the City of Pella to fund the remaining dollars. If you wish to donate to the Pella Rec Center click here.
Will the Pella Rec Center Raise My Taxes?
In planning for the Rec Center and Community Center, the City Council established financial conditions for each project, which included the city’s property tax rate. Specifically, before these projects are approved by the City Council, they must be able to demonstrate that they can be constructed and operated without increasing the city’s property tax rate.
