While it looks as if the move to issue $30 million in debt to fund a recreation center in north Bossier City has withered, that shouldn’t bring debate over city borrowing to a halt.
In early December, the Council witnessed a two-front offensive to bring about this project. At that meeting, members unknown asked for the Northwest Louisiana YMCA to pitch for the building that the Y would run – despite uncertain demand and that city residents not only would end up footing the bill for the building but also would have to pay hundreds of dollars a year to use it except by participating in a select few city programs.
Following that, members unknown also asked for representatives of agencies the city works with for bond issuance (the ones for work “we don’t bid”) to give their opinions about the city’s debt load. The latest authorization of $75 million combined with scheduled paying down outstanding debt in 2021 puts the available debt load at around $535 million, or over $8,500 per resident, by far the highest of any medium or large city in Louisiana.