GREENFIELD – City officials will consider borrowing nearly $2 million to build a splash pad at Riley Pool.
Buzz Krohn, the city’s financial consultant, this week asked the Greenfield City Council to consider using about $260,000 of economic development income tax funds to pay for the design phase of the project and to seek a nearly $2 million loan to finance construction of a splash pad officials would like to open by summer of 2018.
Once the city borrows the $2 million, officials will take $260,000 of it to replace the economic development income tax funds used to pay for the design phase.
For months, community stakeholders have been making plans to build a splash pad south of Riley Pool. Last month, a conceptual plan for the project was unveiled to the Greenfield park board. Those plans, which call for a curved splash pad with spray features and dump buckets for kids of all ages, were presented to the city council this week.
For more on this story, read Saturday’s Daily Reporter.