News Summary
Gadsden’s Mayor Craig Ford has proposed issuing a bond exceeding $100 million to fund significant city projects as the city experiences strong financial growth. The proposal, part of the Gadsden RISE plan, focuses on revitalizing community facilities, notably the new Gadsden Athletic Center. With revenues growing and expenses down, the plan aims to boost local employment and economic impact while maintaining existing city services without new taxes. Community engagement will play a crucial role in shaping the final implementation of these initiatives.
Gadsden Files Over $100 Million Bond Proposal to Fund Major City Projects
Gadsden’s Mayor Craig Ford has announced a proposal to issue an over $100 million bond aimed at financing several large-scale projects and initiatives across the city. The move follows a recent annual audit report indicating that Gadsden is in its strongest financial position in the past decade.
Financial Strength and Revenue Growth
The mayor highlighted that city revenues have experienced double-digit growth over the last three years. At the same time, city expenses have been reduced, ensuring a more balanced financial outlook for future development efforts. Three previous bonds have been fully paid off, and there are currently no plans to introduce new taxes or fees to fund the proposed projects.
The RISE Plan and Its Goals
The proposed bond aligns with the
Gadsden RISE plan, an acronym standing for Reimagine, Invest, Strategic Planning, and Economic Development. This strategic framework guides the city’s efforts to revitalize and improve various aspects of life in Gadsden through targeted investments and development initiatives.
Major Projects Under the RISE Plan
The most prominent project within the RISE plan is the Gadsden Athletic Center (GAC). This new facility aims to replace the current West Meighan Sports Complex and will feature a comprehensive sports and recreation complex.
Features of the Gadsden Athletic Center
- An aquatic center for swimming and water-based activities
- Sixteen volleyball courts suitable for tournaments and community events
- Ten pickleball courts, reflecting the sport’s rising popularity
- Eight basketball courts to host local leagues and tournaments
- Four baseball or softball fields for amateur and youth programs
- A 1.25-mile walking track for fitness and healthy lifestyles
A preliminary financial and economic analysis conducted by the Tampa-based Sports Facilities Companies projects that the GAC will generate approximately 2,400 jobs during construction and beyond, with an estimated economic impact of at least $190 million on Gadsden’s local economy.
Construction Timeline and Funding Sources
Construction of the GAC is expected to commence in early 2026, with planning and development underway now. The bond funding will be sourced from dedicated revenue streams, ensuring that the city’s general fund and operational budgets will remain unaffected. The approach aims to safeguard existing city services and financial stability while investing in growth projects.
Additional City Enhancements and Community Initiatives
The RISE plan also encompasses projects outlined in the GROW Gadsden master plan, which includes initiatives such as riverfront development and enhancements to arts and culture sectors. These efforts aim to improve the overall quality of life in Gadsden, making the city more attractive to residents, visitors, and potential businesses.
Mayor’s Remarks and Community Impact
Mayor Ford emphasized that improving the community’s quality of life is essential for fostering economic growth and attracting new businesses. He also expressed appreciation for the dedication of city employees who have contributed to strengthening Gadsden’s financial health during recent years.
As the city moves forward with the bond proposal, community input and approval processes will play a role in shaping the final scope and implementation of these projects. The plan aims to build on Gadsden’s economic momentum and develop infrastructure that supports future growth and community well-being.
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- WBRC News
- ABC 33/40 News
- Gadsden Times
- WTXL News
- Post and Courier
- Wikipedia: Gadsden, Alabama
- Google Search: Gadsden RISE plan
- Google Scholar: Gadsden economic development
- Encyclopedia Britannica: Gadsden
- Google News: Gadsden community projects
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