Project Finance

East Fire Station Financing

The current estimated cost of the East Fire Station is $19 million, and more cost estimating will be performed as the design milestone are met.

The East Fire Station is being funded through several sources that are separate from the 1.25 percent optional sales tax. Funding for the East Fire Station project will come from a combination of city funds and government bonds. Bonds are a type of long-term loan utilized by government entities to finance major, long-term capital projects such as roads, schools, and other public infrastructure. Borrowing for large project enables government entities to distribute the costs across future years. 

In 2023, the City received roughly $3.2 million in state grant funding to contribute to this project. The City will use these funds to acquire and improve property and create early designs.