Sports complex board approves revenue bonds


The Etowah County Mega Sports Complex Authority Board of Directors recently discussed authorizing the issuance of revenue bonds for financing the complex.

By Izack Seahorn, Staff Correspondent

The Board of Directors of the Etowah County Mega Sports Complex Authority met at the Gadsden Civic Center on July 8 to discuss authorizing the issuance of revenue bonds for financing the complex.

The board’s attorney, Jodie Smith described the plans of taking a loan from the proceeds made from bonds sold by the Etowah County Mega Sports Complex Capital Improvement Cooperative District and using the loan to pay for the sports complex.

The loan will be paid back through taxes and revenue generated by the sports complex. The board agreed that the revenue streams that the sports complex would create would outweigh the cost of paying back loans and the operating costs of the mega sports complex. Smith went on to note that “the timing is probably to get the bond sale done in late August or early September.” After examining the documents and plans for the revenue bonds, the EMSCA made a unanimous decision to approve the resolution.

Members of the EMSCA board attending the meeting were Ralph Burke, Randy Vice, Hugh Miller, Heather New, Craig Ford, John Moore, Jay Hedgspeth, Jeff Overstreet, Chris Russell, Trina Willet, Roger Boatner and Keith Blackwell.

Latest News

WEEKEND PLANS: Pedal boat operation now open in Gadsden
Annual Memorial Day event planned for Monday
City of Gadsden launches new text-based 911 feature to assist callers, first responders
City of Gadsden honors nation's fallen with memorial flag displays
Outstanding students honored at Honors Day in Gadsden

Latest Sports News

Locals make all-state soccer teams
All-Etowah County Schools softball released
All-Etowah County Schools baseball announced
Local players named to all-area baseball team
Local athletes, coaches named to compete in North/South games