During a recent government meeting, officials discussed the funding and costs associated with a new park project, which is projected to total approximately $18.1 million. Eileen, a city representative, highlighted that $6.7 million of this amount has been secured through a state parks grant. Additionally, the city plans to allocate around $300,000 from its community development block grant program over the next few years.

To further finance the project, the city intends to apply for a Section 108 loan, which would provide funding equivalent to five times the city's annual community development block grant allocation. This funding strategy aims to bridge the gap between the various grants and the overall project cost.

The discussion clarified that the $18.1 million figure pertains solely to Phase 1 of the park project, with concerns raised about the funding status of Phase 2, which remains unfinanced at this time. The meeting concluded with an invitation for further questions and comments from attendees, indicating ongoing community engagement in the project’s development.