A River Forest Resident Calculates Actual Cost to Taxpayers at $13.5 million over 25 Years & urges vote “NO” on Rec Center Referendum

HICKS,SARAH. “Don’t saddle future River Foresters with debt.”
Wednesday Journal. Web. 26 Jan. 2010.
http://www.wednesdayjournalonline.com/main.asp?SectionID=3&SubSectionID=3&ArticleID=16536

The River Forest Park District referendum is now less than one week away. No matter how many meetings and frequently asked questions are on the park district Web site, many pivotal concerns still remain about the referendum and the proposed recreation center.

1. Total cost of the project: “An approved February 2010 referendum will allow the park district to issue a new $8 million bond, at a payment schedule of $540,000 annually over a 25-year term” (from www.rfparks.com). It seems the park district is telling us we could pay as much as $540,000 X 25 = $13.5 million, with interest, after 25 years of bond payments.

2. Duplication of available facilities and services: The proposed recreation center plan has a gym, a suspended track, a fitness room, four program rooms and a dance room. The River Forest Community Center two blocks away has a gym, a fitness room, four multipurpose rooms and a dance room. Why can’t the park district and community center work together on a plan for cooperative programs and shared use of space?

3. Incomplete plan: Several concerns were raised at the River Forest Service Club forum Jan. 21 that the projected revenue was too optimistic and the costs were not all-inclusive. Also, the necessary studies to assess the impact of the center on the surrounding community have not been done and will not be done until after the referendum.

4. Parking: The current proposed recreation center plan has only 35 parking spaces. The architect indicated at the Jan. 11 board meeting that he did not design bleachers for the gym because there is not adequate parking. Why build a gym if spectators can’t be accommodated? The reality is that the Oilily property appears to be too small for what the park district wants to build.

Would you commit to taking out an expensive mortgage on a new home where you might not be able to park your car, have large gatherings or pay the monthly bills? What if a very similar home exists nearby that you can rent for a fraction of the cost of the mortgage payment of the new house? I think many of us in this situation would decide to make better use of the space in our existing home, or look into renting the home nearby.

Don’t commit several generations of future River Foresters to a large debt for a less-than-ideal project. Tell the park district “no” on Feb. 2.

Sarah Hicks, an eight-year River Forest resident, is a physician and mother of two who is a neighbor to the proposed River Forest Park District recreational facility.

http://www.wednesdayjournalonline.com/main.asp?SectionID=3&SubSectionID=3&ArticleID=16536

1 comment for “A River Forest Resident Calculates Actual Cost to Taxpayers at $13.5 million over 25 Years & urges vote “NO” on Rec Center Referendum

  1. W. Gilmore Jersillum
    January 28, 2010 at 4:09 am

    This analysis makes sense. It would not surprise me if it is even more expensive. a strength of our community is educated citizens who can assist our public employees in understanding things like math and finance. I commend Dr. HIcks for taking the time to multiply out the implications of this expensive proposal. This seems like the wrong time to add to our tax burdens.

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