Metro Parks Tacoma may ask voters for $198 million

Staff writerFebruary 7, 2014 

The Metro Parks Tacoma board is poised to ask voters for its largest bond issue ever — nearly $200 million.

If approved, the money will pay for a $65.4 million improvement to Point Defiance Zoo & Aquarium, $67.2 million for regional park improvements, and $65.4 million for neighborhood parks and sports fields.

The parks board will review the proposal Monday and could vote Feb. 24 to place the item on the April 22 ballot. Bond issues must receive 60 percent approval from voters to pass.

Voters last approved a bond measure for Metro Parks in 2005. That $84.3 million bond passed with 62 percent approval. Landowners in the park district are paying about $40 per year for every $100,000 in property value to retire that debt.

If the proposed bond issue passes, property owners will pay an additional $58 per year for each $100,000 in property value.

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