A sign supporting the field house proposition sits inside local cafe, Everything Bagels, in Soldotna, Alaska, on Wednesday, Feb. 27, 2019. (Photo by Victoria Petersen/Peninsula Clarion)

A sign supporting the field house proposition sits inside local cafe, Everything Bagels, in Soldotna, Alaska, on Wednesday, Feb. 27, 2019. (Photo by Victoria Petersen/Peninsula Clarion)

Soldotnans to vote on field house Tuesday

Soldotnans to vote on field house Tuesday

Soldotna residents can place their vote Tuesday on whether or not the city should borrow $10 million in bonds for a new field house.

Polls open at 7 a.m. and will close at 8 p.m. March 5, at Soldotna City Hall.

Soldotna residents will vote either “Yes” or “No” on a single proposition that asks if the city should borrow $10 million in bonds to construct a field house at the Soldotna Regional Sports Complex.

The total cost of the project is estimated at $11.8 million dollars. If the bond is approved, $10 million will be financed through debt of a general obligation bond, with the remaining covered by private funders, donations, grants or, if needed, funds previously authorized by the city council.

The city would take on a 10-year bond with an interest rate between 3 and 3.5 percent. It would be paid off in 10 years with 10 annual payments.

The half-percent year-round sales tax increase would cover that debt, increasing the tax from 3 percent to 3.5 percent.

The field house would be 42,000 square feet and include a removable turf field, three-lane elevated walking track and an event room. The field house would sit adjacent to the Soldotna Regional Sports Complex.

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