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FOR - Propositions 1 – 7 City Infrastructure Against - Proposition 8 PERFORMING ARTS CENTER 2015 BOND ELECTION.

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Presentation on theme: "FOR - Propositions 1 – 7 City Infrastructure Against - Proposition 8 PERFORMING ARTS CENTER 2015 BOND ELECTION."— Presentation transcript:

1 FOR - Propositions 1 – 7 City Infrastructure Against - Proposition 8 PERFORMING ARTS CENTER 2015 BOND ELECTION

2 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

3 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

4 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

5 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

6 2015 BOND PACKAGE IMPACT ON “AVERAGE” HOME PROPERTY TAXES Copyright Frisco Tea Party, 2015. 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

7 MUNICIPAL ELECTION May 9, 2015 Denton Early Voting Locations Frisco Fire Station #4 4485 Cotton Gin Frisco Fire Station #7 330 W Stonebrook Pkwy Griffin Middle School 3703 Eldorado Pkwy Collin Early Voting Locations Frisco Fire Station #8 14700 Rolater Hunt Middle School 4900 Legendary Dr Maus Middle School 12175 Coit Rd


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