Method of Communiversity Funding Under Discussion

Method of Communiversity Funding Under Discussion

Courtesy of The Dispatch

GTR LINK CEO Joe Max Higgins reports that he and the LINK are working on a plan to potentially have Lowndes County pay for its share of the Communiversity’s funding via a ten-year bond rather than a 20-year bond, thus saving the county nearly $2 million in interest over that time. Under his proposal, “I believe there’s a way around this that nobody gets gored, everybody gets what they want to do and there’s no harm, no foul, to anybody,” Higgins said.

The Communiversity, which broke ground a few months ago, is located on Highway 82 just west of PACCAR. The total bill for the facility will be around $44 million, which will be paid for via $18 million in state money, $12.5 million in federal dollars, and $13.5 million in local funding, with Lowndes County picking up the bulk of the local tab.

District 2 Supervisor Bill Brigham said he’d likely support a split issue, and that a shorter payment term would lead to higher payments, but save the county money over time: “If it works out, yes, I’m for it,” he said. “It can save us short of $2 million. You don’t just throw money away when it’s not necessary.”

Board President Harry Sanders also expressed support for the split issue.

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