FOR - Propositions 1 – 7 City Infrastructure Against - Proposition 8 PERFORMING ARTS CENTER 2015 BOND ELECTION
No Strategy Is it a regional arena, a for-profit center, a neighborhood center, or something else? How does it “fit” with potential “commercial” investors? Where is the feasibility study that could have been done 4 years ago? Where are the corporate donors lining up? The arts community wants a “facility”…… But what does the City want? Or need? Against - Proposition 8 PERFORMING ARTS CENTER
No Plan Where’s the concept, let alone a design? Where’s the business plan with a P&L ? What is the investment requirement? Who “owns” and “operates” ? How much taxpayer SUBSIDY is needed? Where is the land? 2015 BOND ELECTION Against - Proposition 8 PERFORMING ARTS CENTER
Wasted Capacity Frisco already has 8 High School Auditoriums! Each has 600 Seat capacity Each has a 5,500 Sq Ft Stage Each has state of the art lighting & sound systems 4 nights a week are open on average 46 weekends a year are open on average 90% of Arts groups can use immediately 100% can be used with FISD coordination 2015 BOND ELECTION Against - Proposition 8 PERFORMING ARTS CENTER
Aerial Mathematics Here’s how the $10,000,000 request was determined The Bond Committee met on Jan 26 th Each wrote a “number” on blank pieces of Paper and averaged them together $10 MILLION Bond request is based on nothing more than a guess ! 2015 BOND ELECTION Against - Proposition 8 PERFORMING ARTS CENTER
2015 BOND PACKAGE IMPACT ON “AVERAGE” HOME PROPERTY TAXES Copyright Frisco Tea Party, All Rights Reserved What happens when the Tax Rate goes up AND homes appreciate at “just” 5% per year?? “Real Tax” is $433/yr in Year 5 Bond Committee says $112/yr after 5 Years
MUNICIPAL ELECTION May 9, 2015 Denton Early Voting Locations Frisco Fire Station # Cotton Gin Frisco Fire Station #7 330 W Stonebrook Pkwy Griffin Middle School 3703 Eldorado Pkwy Collin Early Voting Locations Frisco Fire Station # Rolater Hunt Middle School 4900 Legendary Dr Maus Middle School Coit Rd