Bond Issue Would Retire Fayetteville Town Center Debt

Voters Will Consider Three Questions On Special Election Ballot

Posted: October 20, 2013 at 5 a.m.

Participants in the annual University of Arkansas Alumni Awards Banquet speak Oct. 11 before the start of the program at the Fayetteville Town Center. Voters Nov. 12 will decide whether to issue $11.9 million in bonds to improve the Walton Arts Center, build a regional park and pay off the debt associated with the Town Center. HOTEL, MOTEL RESTAURANT TAX

Residents have an opportunity next month to decide how they want future hotel, motel and restaurant taxes to be spent.

At A Glance (w/logo)

Fayetteville Election

Fayetteville voters will be asked three questions in the special election. Early voting begins Nov. 5.

• Whether to issue $1.5 million in bonds to repay Town Center debt

• Whether to issue $3.5 million in bonds to help build a regional park off Cato Springs Road

• Whether to issue $6.9 million in bonds to help renovate the Walton Arts Center

Source: Staff Report

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If you were two years away from paying off the mortgage on your home, would you re-finance it for another 25 years?

Posted by: Te

October 20, 2013 at 4:24 p.m. ( | suggest removal )

Exactly. I'm ready to eliminate these taxes.

Posted by: wammy

October 21, 2013 at 5:16 a.m. ( | suggest removal )

Get out of my pocket! Stop the taxes and fire the genius that thought up paying for parking downtown.

Posted by: Oldearkie

October 21, 2013 at 8:02 a.m. ( | suggest removal )

What overall rate are we at right now? 11.75%..one of the highest rates charged in the nation.

Drop this tax and we'll be at 10.75%, still too high but better. Dropping the tax would also help on groceries since the city has not followed the state's lead in phasing out sales taxes on groceries.

Posted by: jay91

October 21, 2013 at 5:04 p.m. ( | suggest removal )

Clarification...phasing out the city's regular 2% tax would help on groceries by changing the definition of what the tax applies to like the state has done.

The 2% Hotel/Restaurant tax already doesn't apply to groceries.

Posted by: jay91

October 21, 2013 at 5:09 p.m. ( | suggest removal )