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April 28, 2013

YMCA/event center bonds on May ballot

GREENVILLE — Voters will get their say starting this week on whether to approve a new YMCA/event center for Greenville.

Early voting for the May 11 election begins Monday and continues through May 7, between 8 a.m. and 5 p.m. weekdays at the Hunt County Voter Administration Office, 2217A Washington Street in Greenville. Extended early voting for the election is scheduled 7 a.m. until 7 p.m. Tuesday and Thursday.

Proposition 2 on the City of Greenville ballot asks whether voters are for or against the issuance of $15 million in general obligation bonds to pay for the construction of a facility to be owned by the City and leased to and operated by the YMCA or other public or private entity as a commercial activity community events/recreation center.

The facility would be located in the Greenville Sports Park on Monty Stratton Parkway

If approved by voters, organizers of the project say they have received commitments from several entities toward the cost of the facility which could reduce the potential tax burden.

Dr. Jerry Ransom has agreed to donate $1 million through 10 annual installments of $100,000 each. When combined with similar pledges from other community partners, the funds are expected to reduce the overall taxpayer burden from a previously estimated 7 cents per $100 valuation to 3 cents.

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