Ballot Measure 2D: Denver Parks and Recreation System Bonds

 

SHALL THE CITY AND COUNTY OF DENVER DEBT BE INCREASED $54,070,000, WITH A MAXIMUM REPAYMENT COST OF $93,118,000, WITH NO EXPECTED INCREASE IN THE CITY’S CURRENT RATE OF TAXATION FOR GENERAL OBLIGATION DEBT SERVICE BASED ON THE CITY’S PROJECTED ASSESSED VALUE, THE PROCEEDS THEREOF TO BE USED FOR REPAIRS AND IMPROVEMENTS TO THE DENVER PARKS AND RECREATION SYSTEM, WHICH MAY INCLUDE BUT ARE NOT LIMITED TO:

• DEVELOPMENT AND CONSTRUCTION OF TWO NEW PARKS IN NORTHEAST DENVER AND SOUTH DENVER, RESPECTIVELY; AND

• IMPROVEMENTS AT PARKS INCLUDING REPLACING PLAYGROUND AND RECREATION EQUIPMENT, REPLACING AND RESTORING ATHLETIC FIELDS AND COURTS; AND

• CRITICAL INFRASTRUCTURE IMPROVEMENTS, INCLUDING RENOVATING AND BUILDING RESTROOMS, AND REBUILDING THE SWIMMING POOL AT MESTIZO-CURTIS PARK;

BY THE ISSUANCE AND PAYMENT OF GENERAL OBLIGATION BONDS, NOTES, LOAN AGREEMENTS OR OTHER MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS, WHICH SHALL BE ISSUED OR INCURRED IN SUCH MANNER AND CONTAINING SUCH TERMS NOT INCONSISTENT HEREWITH AS THE CITY MAY DETERMINE (THE EXPENDITURE OF THE PROCEEDS THEREOF TO BE PUBLICLY REPORTED BY THE CITY ON AN ANNUAL BASIS); AND SHALL CITY AD VALOREM PROPERTY TAXES BE INCREASED WITHOUT LIMITATION AS TO RATE BUT BY NOT MORE THAN A MAXIMUM AMOUNT OF $10,005,000 ANNUALLY IN AMOUNTS SUFFICIENT TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH FINANCIAL OBLIGATIONS OR TO CREATE A RESERVE FOR SAME; AND SHALL THE CITY BE AUTHORIZED TO ISSUE FINANCIAL OBLIGATIONS TO REFUND OR REFINANCE SUCH FINANCIAL OBLIGATIONS AUTHORIZED IN THIS QUESTION, PROVIDED THAT SUCH REFUNDING FINANCIAL OBLIGATIONS WHEN COMBINED WITH OTHER OUTSTANDING FINANCIAL OBLIGATIONS AUTHORIZED IN THIS QUESTION DO NOT EXCEED THE MAXIMUM PRINCIPAL LIMITS OR REPAYMENT COSTS AUTHORIZED BY THIS QUESTION?

Comments For and Against

Summary of Comments FOR

Denver 2A through 2E will deliver infrastructure improvements that power our economic recovery and help the people who need it the most. Vote yes on 2A through 2E to create good paying jobs, provide shelter for people experiencing homelessness, and invest in historically underserved neighborhoods.

And we can do all of this while keeping your tax rates the same.

Measures 2A through 2E will address critical issues facing Denver and help get the city back to work. The ballot measures will fund 88 specific projects that target the most pressing concerns of Denver residents in the neighborhoods that need it most, as identified through a public input process that engaged thousands of Denver residents. Voting yes on 2A through 2E will create more than $1 billion of economic impact and 7,500 jobs and will save taxpayer money by repairing and improving Denver’s infrastructure before it breaks. 

Measure 2D will create new parks in underserved communities, replace and add new amenities to existing parks, and build the infrastructure needed to care for our open space going forward. Measure 2D will:

• Construct new parks at University Hills and 47th & Walden. The construction of these parks will move Denver closer to the goal of having every Denver resident live within a 10-minute walk or bike ride of a quality park.

• Rebuild the Mestizo-Curtis Pool, which is the oldest pool in the Denver parks system and serves thousands of children and their families in the Five Points area. This project will protect this community gathering space and provide enhanced amenities to meet the needs of the neighborhood.

• Replace existing playgrounds at Harvey Park, Huston Lake Park, Dailey Park, and Crestmoor Park with newer, more diverse, and accessible playground equipment and amenities. This will construct accessible playgrounds for children with disabilities.

• Replace basketball courts, tennis courts, and baseball fields at 12 parks around Denver. During the pandemic, Denver’s outdoor spaces saw increased use, and 2D will fund new courts and fields to ensure that communities maintain access to recreational spaces and opportunities

• Renovate the Sloan’s Lake Boat House. The 6,000 square foot historical venue will be transformed into a space for community events and public programs. The Boat House will also integrate with the recently redeveloped jetty and marina, restoring access to the historical site.

• Improve and build new public restrooms and park maintenance facilities. These new and upgraded facilities will increase the functionality and quality of the recreation spaces across Denver, from pocket parks to community parks.

Measures 2A-2E are a result of input from residents across Denver, reflecting the need to address critical issues, create a more equitable city, and jumpstart the economy, all without raising taxes.

Summary of Comments AGAINST

Vote NO on 2D. In 2017, “Elevate Denver” was approved by Denver voters which was intended in part to “revitalize our parks, playgrounds and recreation centers”. Elevate Denver’s cost was close to a billion dollars. The city’s 2020 report indicates that 40% of the money still hasn’t been spent. Over a 1/3 of a billion dollars still sitting unspent is a good reason to vote NO.