In order to address Bozeman’s fast paced growth, the city has been hard at work to continue adding and enhancing the recreational parks in the area. Most of the funding has come from a 15 million dollar bond that passed in 2012. Unfortunately, as more visitors have taken up permanent residency in Bozeman, it appears that funding will fall short for the 6 major projects on Bozeman’s agenda.
The projects include the Bozeman Sports Athletic Complex, the Front Street Connector Trail, the Pass to the M, the Bozeman Pond Park expansion, the Bozeman creek work at Bogert park and the Story Mill Community Park Project.
Most of these projects are in the early design stages, but in order to have useful facilities for a growing populace, the city has already started work towards gaining additional funding through bonds, grants and donations.
A majority of Bozeman’s real estate activity since the recession has taken place from 2012 and on. Bozeman may ask for another bond to help address the growth and properly fund these projects, based on a more accurate city population.
The Story Mill Park project received 5 million dollars in bonds, but will probably end up costing closer to $10 million while the Sports Complex received 7 million in funding, but will probably tally closer to $20 million. Story Mill Park did recently receive a $75,000 dollar grant from local banks in the area recently.
Bozeman residents have been very good about passing new bonds, something they have been recognized for by community ranking organizations. However, if future bonds do not pass, the city will work on creating partnerships with outside organizations to help fund the projects.
Hart Real Estate Solutions