The City of Yakima is seeking funding from the "Supporting Investments in Economic Development " Program (SIED) for improvements in the vicinity of the Yakima Sports Complex. The application requests $1,000,000 in loan and $1,000,000 in grant. Total project cost is estimated to be $4.5 million. The City of Yakima will provide approximately $2.5 million of the total cost from City Council authorized funds. Annual debt service to repay the requested $900,000 loan from the SIED Board will be General Fund. The improvements to which these funds will be applied will include reconstruction of Spring Creek Road, together with a new right turn lane onto Washington Avenue to provide necessary and adequate access to the sports complex in accordance with the terms of the City's agreement with SOZO Sports of Central Washington.
Timing of this phase will coincide with and benefit from a new traffic signal at Spring Creek and Washington Avenue, recently funded 100% through a Washington State Legislation appropriation. |