How will this project be funded?
The construction project will primarily be funded by existing Brownwood Municipal Development District economic development sales tax. The BMDD intends to allocate $7 million in cash reserves for the initial phases of the project.  Since this will be a multi-year construction project, the BMDD will be able to expense part of this project over two fiscal years as well.  If any financing is required to complete the project, the City may borrow funds that the BMDD will pay the debt service on through subsequent fiscal year budgets.  There is also $350,000 in Community Development Block Grant funds that will be allocated to the project. 

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1. How will this project be funded?
2. Is this going to lead to a property tax rate increase?
3. How is the City of Brownwood paying for this project?
4. What is the timeline for the completion of the Event Center?
5. Will the other City facilities still be available to rent once the new facility is complete?
6. Will there be adequate parking for a event space of this size in the area?
7. Will the new Event Center have breakout rooms to facilitate small to mid-size conferences?
8. Will the new Event Center include any outdoor event space?
9. Will there be areas usable for music or concerts in the new Event Center?
10. What is H.O.T. Funds?
11. Did the City consider new construction instead of redeveloping existing buildings?