After completing preliminary engineering, the cost is $3.92 million. This is the value approved by the Council to send to a bond vote in August 2018.
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The Myers Memorial Pool Renovation Project Bond would be a 20-year bond.
If funded solely by Winooski taxpayers, the impact of this project could be up to a $0.082 increase in property taxes (an estimated $185.49 annual increase on a $225,000 home).
The City estimates that it would cost approximately $83,000 to operate in the first year of operations.
Historically, the Pool has been open from the end of June through August.
The City is modeling that the gross income annually would be $12,500.