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Financial Facts of Stadium Projects
If you have driven by the high school or middle school lately, you’ve probably seen that our vision for the stadiums is becoming a reality. Soon, Marysville students will be able to enjoy and compete in these new facilities, and thanks to our supportive community and unique revenue opportunities, it will be completed without using any of your tax dollars.

As you can imagine, the progress that has been made has definitely created a buzz in the community and I wanted to answer some of the most frequent questions we receive and address some of the occasional rumors we hear.

Here are some important facts I’d like to share regarding the financing of these projects.

Again, one of the most important facts about this project is that not only will it be completed without raising your taxes, it will be completed without using any of your tax dollars. This project will be funded entirely by TIF dollars (taxes paid by businesses in areas such as Coleman’s Crossing and City Gate) and private donations by local businesses and residents like you. Due to the fact that the full amount required for the project is required to be available at the time the project began, a low interest loan was obtained that also has an early payoff option to further reduce interest costs.

The donations have come in the form of selling naming rights to the stadium, corporate and individual donations, and selling engraved bricks that will be featured in the new Monarch Pride Walk leading into the stadium. Donations and pledges have exceeded $1.3 million and we are very appreciative to those that have donated. We cannot thank you enough for this support!

The remaining money needed will come from TIF revenue as mentioned above. Due to business growth in these TIF areas, this revenue has increased by approximately $1 million annually compared to when we began considering this project. This growth has allowed the project to move forward without having to consider a bond issue. This is great news for our community and taxpayers!

As we stated when this project began, the high school stadium, which has been in use for nearly half a century, was in need of major repairs while the middle school did not have its own stadium. The district has carefully planned for these expenditures by setting aside TIF funds in our Permanent Improvement Forecast. Now, thanks to responsible fiscal planning and the support of our generous community, we can provide safe, updated and modern athletic facilities for both our students and community to enjoy.

We are very excited for our community to experience the stadiums this Fall and believe this investment will benefit generations of students as well as the community as a whole.  If you have any questions, please contact me at tjohnson@mevsd.us. 

Todd Johnson 

Treasurer/CFO