Effingham Park Board to Issue Annual Bonds for Sports Complex

Effingham, IL / Effingham Radio
Effingham Park Board to Issue Annual Bonds for Sports Complex

The Effingham Park board discussed the sale of $500,000 in general obligation bonds as part of the continuous process to pay for the Workman Sports Complex Wednesday night.

“It’s the same ones we do pretty well every year and those are just going towards repaying back the dept certificate on the Workman Sport Complex,” Park District Director Jeff Althoff said. Some of the money generated from the bonds could also be used on other projects such as site-work for the Harmony Playground, which is currently still in the fundraising stage.

Althoff discusses general obligation bonds.

The Park Board also heard an update on the Workman Sport Complex. Memberships have increased to 2160, with 5,755 individual members. General Manager Jake Junghanel said that membership numbers “are still going in the right direction.”

“We’re ecstatic about the membership numbers,” Althoff remarked after the meeting. “It just great,” he continued. According to him, the park district’s goal was to have least 1,400 memberships by the time the facility had been opened for year. They have exceeded that goal by 760 memberships one month shy of the facility’s one-year anniversary. Additionally, Junghanel reported that the complex has made a net profit of $44,269 during the fiscal year.

Althoff discuss the Workman Sports Complex

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