'Feel like we're just starting over': Hoover to spend some performing arts center cash on sewer upgrades
For years, Hoover resident Tracy True Dismukes and her family have driven half an hour to see shows at the BJCC.
That's why she and others feel Alabama's sixth-largest city deserves its own performing arts center.
鈥淲e go, and we spend money at restaurants there. We pay to park, we pay for the actual experience and that money should be on Hoover. Why not?鈥� Dismukes asked.
Then, in 2023, the city announced a $93 million bond deal.
Of that total, $61 million is for a new Exit 9 off I-459, $15 million covers Hoover Met improvements, and $17 million to build a performing arts center.
鈥淲e cheered. We're like, it's finally going to happen,鈥� Dismukes said.
Work on Exit 9 kicks off later this year.
Hoover Met upgrades are in full swing.
However, there are still no concrete plans for the performing arts center.
Now, the city is running out of time.
If it doesn't spend that $17 million by next March, Hoover could face some serious financial consequences.
At a city council work session Thursday, the city鈥檚 finance chief broke down what can happen if Hoover does not meet the spending deadline.
鈥淭he IRS can come back and declare those as hedge bonds, which triggers the taxable element to that which makes the bondholders and the market very unhappy and would not be a recommended course of action,鈥� Hoover Chief Finance Officer Jennifer Cornett said.
So, Cornett pitched an alternative funding plan.
Spend the $17 million time-sensitive bond cash on other shovel-ready or completed capital projects.
Then, take the matching $17 million from the city's capital funds, spend about a third on crucial sewer upgrades and put almost $11 million in a special performing arts center fund.
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Dismukes fears that move puts her dream further from reality.
鈥淚t's going to take $40-50 million to build the facility that our city would be proud of, and now I feel like we're just starting over,鈥� Dismukes said.
The plan will be up for a vote by the full Hoover City Council at Monday night鈥檚 meeting at city hall at 6 p.m.