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'It gives us hope': Hoover dips into reserves to fill performing arts center gap

'It gives us hope': Hoover dips into reserves to fill performing arts center gap
THINK IT MEANS. HOOVER RESIDENTS VOICING CONCERNS LAST NIGHT AT CITY COUNCIL ABOUT A PROJECT THAT鈥橲 BEEN DISCUSSED FOR MORE THAN A DECADE, HOOVER IS DIPPING INTO RESERVE FUNDS TO PAY FOR A PERFORMING ARTS CENTER. THE CITY COUNCIL MADE THE CHANGE TO ITS RAINY DAY FUND RULES LAST NIGHT. 米兰体育 13 S JON PAEPCKE EXPLAINS HOW THE CITY GOT HERE AND WHAT鈥橲 NEXT. SINCE AROUND 2010, HOOVER HAS TOSSED AROUND THE IDEA OF BUILDING ITS OWN PERFORMING ARTS CENTER. THE TOPIC HAS BEEN UP FOR MORE THAN 15 YEARS, SO THIS HAS BEEN A LONG TIME COMING, BUT WE鈥橰E STILL WAITING. THEN TWO WEEKS AGO, HOOVER CITY COUNCIL VOTED TO DIVERT $6 MILLION FROM A PACKED SAVINGS ACCOUNT TO PAY FOR CRUCIAL SEWER UPGRADES. SOME COUNCILORS WANTED TO PULL MONEY FROM RESERVES, BUT THAT WOULD DROP HOOVER BELOW ITS REQUIRED SIX MONTH OPERATING EXPENSES THRESHOLD. SOME OF US FELT THAT SIX MONTHS MAY BE TOO CONSERVATIVE, AND THERE ARE FUNDS THERE THAT COULD BE BENEFITING OUR CITY AND OUR CITIZENS, RATHER THAN SITTING IN A RESERVE FUND. SO LAST NIGHT, THE COUNCIL LOWERED THE RESERVE BOTTOM LINE TO FOUR AND A HALF MONTHS, FREEING UP THE CASH TO FILL THE $6 MILLION FUNDING GAP. TRACIE TRUE DISMUKES WAS THERE. WE JUST LOVE TO KNOW WHAT THE PLAN IS ONCE IT鈥橲 FUNDED. WHAT鈥橲 THE NEXT STEP? ONE OF THE NEXT STEPS IS PICKING THE BEST SPOT FOR THE PERFORMING ARTS CENTER. CITY COUNCILOR CASEY MIDDLEBROOK SAYS HOOVER鈥橲 NEW 200,000 GALLERIA FEASIBILITY STUDY MIGHT SHED SOME LIGHT. THAT MAY LEAD US TO A PATH OF OF IDENTIFYING A, YOU KNOW, APPROPRIATE SPOT FOR THE PERFORMING ARTS CENTER. THE GALLERIA AND PAYTON CREEK鈥橲 FORMER BUYBUY BABY STORE HAVE BEEN PITCHED AS POSSIBILITIES BEFORE. DISMUKES DOES NOT DISAGREE THAT THOSE AREAS NEED A REFRESH OR REBOOT AND DELIVER AN ARTS MECCA. MANY IN HOOVER HAVE DREAMED OF FOR MORE THAN A DECADE. NOW, WHEN YOU ADD IN THAT $6 MILLION TRANSFER, THE PACK FUND NOW HAS $17 MILLION IN IT. THAT鈥橲 STILL LESS THA
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'It gives us hope': Hoover dips into reserves to fill performing arts center gap
Since around 2010, Hoover has tossed around the idea of building its own performing arts center. 鈥淭he topic has been up for more than 15 years. So, this has been a long time coming, but we're still waiting,鈥� PAC supporter Tracy True Dismukes said.Then, two weeks ago, Hoover City Council voted to divert $6 million from a PAC savings account to pay for crucial sewer upgrades.Some Councilors wanted to pull money from reserves.However, that would drop Hoover below its required six-month operating expenses threshold.鈥淪ome of us felt that six months may be too conservative, and there are funds there that can be benefiting our city and our citizens rather than sitting in a reserve fund,鈥� Councilor Casey Middlebrooks said.So, Monday night, the council lowered the reserve bottom line to 4.5 months.That freed up the cash to fill the $6 million PAC funding gap.Tracy True Dismukes was there.鈥淲e just love to know what the plan is once it's funded, what's the next step,鈥� Dismukes said.One of the next steps is picking the best spot for the performing arts center.Middlebrooks says Hoover's new $200,000 Galleria Mall feasibility study might shed some light.鈥淭hat may lead us to a path to identifying an appropriate spot for the performing arts center,鈥� Middlebrooks said.The Galleria and Patton Creek's former Buy Buy Baby store have been pitched as possibilities before.Dismukes does not disagree.鈥淭hose areas need a refresh or reboot. And what better way than to have a performing arts center that will attract restaurants, hotels, visitors from around the region,鈥� Dismukes said.The additional money brings the total performing arts center fund balance to $17 million.Most city leaders believe it will cost more than twice that much to build.

Since around 2010, Hoover has tossed around the idea of building its own performing arts center.

鈥淭he topic has been up for more than 15 years. So, this has been a long time coming, but we're still waiting,鈥� PAC supporter Tracy True Dismukes said.

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Then, two weeks ago, Hoover City Council voted to divert $6 million from a PAC savings account to pay for crucial sewer upgrades.

Some Councilors wanted to pull money from reserves.

However, that would drop Hoover below its required six-month operating expenses threshold.

鈥淪ome of us felt that six months may be too conservative, and there are funds there that can be benefiting our city and our citizens rather than sitting in a reserve fund,鈥� Councilor Casey Middlebrooks said.

So, Monday night, the council lowered the reserve bottom line to 4.5 months.

That freed up the cash to fill the $6 million PAC funding gap.

Tracy True Dismukes was there.

鈥淲e just love to know what the plan is once it's funded, what's the next step,鈥� Dismukes said.

One of the next steps is picking the best spot for the performing arts center.

Middlebrooks says Hoover's new $200,000 Galleria Mall feasibility study might shed some light.

鈥淭hat may lead us to a path to identifying an appropriate spot for the performing arts center,鈥� Middlebrooks said.

The Galleria and Patton Creek's former Buy Buy Baby store have been pitched as possibilities before.

Dismukes does not disagree.

鈥淭hose areas need a refresh or reboot. And what better way than to have a performing arts center that will attract restaurants, hotels, visitors from around the region,鈥� Dismukes said.

The additional money brings the total performing arts center fund balance to $17 million.

Most city leaders believe it will cost more than twice that much to build.