The pie chart shows how the Park District’s $8 million dollar bond referendum would be split between pool facility and other park facility improvements. The details about both types of improvements are described in response to Question 5.
How will the referendum bond funding be used to improve Lions Park Pool?
The total cost for pool-related improvements is estimated to be $6,500,000. This includes a potential cost escalation of about 3-5% per year until construction starts. Cost escalation accounts for the increasing price of construction materials during the time a construction project takes place. The cost for all other referendum park improvement projects is estimated to be about $1,500,000. This puts the total cost of all referendum projects at $8,000,000.
This $6,500,000 estimate for improvements at Lions Park Pool includes the following items:
- Spray Pad – $1,500,000
- Lap/Leisure Pool Renovation – $1,250,000
- Water Slides – $1,250,000
- Soft Costs (Architectural/Engineering Compensation, Pool Furnishings, Soils Testing, Utility Fees and Contingencies) – $1,100,000
- Site Development – $800,000
- Family Changing Rooms – $600,000
