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$48 Million Bond Will Fund 60-Acre Park Near B-Line Trail
Updated May 22, 2015 7:30 AM | Filed under: Politics
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switchyard_park_master_plan.jpg

(BLOOMINGTON) - The Bloomington City Council approved a $48 million bond, the largest in the city's history, that will be used to fund a new 60-acre park south of the B-Line trail.

The bonds are made possible through the city's new consolidated special taxing district, known as a TIF district, which significantly expanded the city's TIF'ed area.

The bond will also pay for projects including affordable housing, expansion of the animal shelter, solar panels on city buildings and road improvements.

According to the Parks Department, construction on Switchyard Park could start as early as 2016.



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