Sunday, May 8, 2022

Will Sarasota Taxpayers give Benderson another Bail-Out?

Sarasota citizens Pat Rounds and Bill Zoller have been tracking the development and funding of the Benderson Rowing Park since 2013. Below is an email circulated by Rounds regarding the County's reported intention to consider giving Benderson another $20 million in tax dollars:

=====

May 8, 2022

Why is the County Commission considering a $20 million “bail-out” for SANCA and Benderson Park Foundation? 

Years ago, both organizations pledged to raise private millions to build a permanent boat house, grandstands and restrooms at Benderson Rowing Park.They never delivered on their promises.  

 

If you think this bail-out proposal is totally irresponsible, please share your views with the County Commission:


mmoran@scgov.net

cziegler@scgov.net

ncdetert@scgov.net

amaio@scgov.net

rcutsinger@scgov.net

commissioners@scgov.net

 

Please forward this message to others who value fiscal responsibility. See details below:

 

On Tuesday, May 10, 2022, the Sarasota County Commission will consider allocating another $20 million to complete the “World Class” Benderson Rowing Park promised in 2013 to be funded through a “public/private” partnership. 


While Sarasota County approved $19.5 public million in 2013 for park infrastructure in plans to host the 2017 World Rowing Championships, the private millions pledged for a permanent boat house, grandstands and restrooms have never materialized. This failure to deliver has sparked public concern for years.

 

More from the Sarasota News Leader

 

Now some officials are returning to the public trough to fill the massive funding chasm created when the County Commission apparently failed to demand a binding commitment from private partners at the time this huge venture was initiated. Sarasota County should not approve any more public funding—regardless of the source.  Nine years ago, the County approved $19.5 million through a bonding provision in the County Charter, using Tourist Development Tax (TDT). It’s past time for SANCA and Benderson Park Foundation to deliver on the private millions promised years ago, but not delivered.  Hollow private funding pledges should be denounced, not minimized and rewarded with more public millions.  

 

Corroborating documentation: 


  • Attached is a copy of the 2013 County Press Release announcing the 2017 World Rowing Championships at Benderson Rowing Park. SANCA would raise private funds for Phase III permanent structures (boat house, grandstands and restrooms) in time for the 2017 World Rowing Championships (WRC). The boathouse and grandstands were not built, so to avoid an international embarrassment---the State Legislature approved an extra $5 million to rent temporary facilities (bleachers, tents/showers for rowers, portable toilets, etc.) for the WRC.  

 

From the 2013 County Press Release:

“...More than $40 million in public and private-sector funds have been committed to help transform a former borrow pit into Nathan Benderson Park, the premier rowing venue in North America, capable of hosting an Olympic-caliber event. Sarasota County's investment, $19.5 million, comes from a Tourist Development Tax (TDT), which is paid by visitors to the area. Those funds have paid for Phase I (dredge and fill) and Phase II (installation of park amenities, hardscaping and landscaping). Phase III of the project, construction of a state-of-the-art boathouse, timing towers, grandstands and other amenities, will be funded by SANCA and corporate support...”

 

  • See 2017 ABC/Tampa investigation on the rowing park. 



  • Note the grandiose aerial vision of the rowing complex and how a SANCA board member appeals for more public funds to match an uncorroborated claim of private millions raised to finish the park.  Nothing has changed---Hollow promises of private funding followed by requests for more public funding. 

           Rowing Park Controversy (ABC/Tampa investigation on Youtube)

 

     Is there a conflict with the Sarasota County Charter?



...Any issuance of such notes, bonds, certificates of participation or other instrument of indebtedness in a principal amount exceeding that fiscal year's bonding limitation must have prior approval by majority vote at a referendum specifically authorizing the issuance of such an instrument of indebtedness in excess of that year's bonding limitation...The County may not avoid the requirements hereof by issuing or causing to be issued notes, bonds, certificates of participation or other instruments of indebtedness which reflect a single, simultaneous or concurrent undertaking but which have been divided in such fashion so as to avoid the limitations as herein set forth. (Section 5.2 Amended 11/6/1984, 11/8/1994, 3/14/2000, and 9/10/2002, and Renumbered 8/31/2004.)”


           In 2013, the County Commission approved the maximum bonding allowed to pay for rowing park infrastructure without triggering a county-wide referendum. 


         Doesn't the County Charter prohibit issuing multiple bonds for the same project without holding a public referendum?    


Pat Rounds

 

Additional background articles:

2013—Herald Tribune:  $20 million in private donations needed to complete rowing park.


“...They need $20 million from private donors to finish the complex and deliver on the promise of a truly exceptional sports venue, a huge task to complete before 2017, when backers of the project hope to host rowing's greatest competition outside the Olympics, the world championships.

All of the key structures needed to define the rowing venue as a world-class attraction — from the finish line tower to timing huts, grandstands and a boathouse — must be financed through private donations.

Some of those structures are essential to hosting the rowing championships. Ideally, the entire project would be built out in time for the event.

Yet no money has been raised and the two-year-old nonprofit handling fundraising already has reshuffled board members.

2015—Herald Tribune: Foundation raises funds for Nathan Benderson Park


“....A new foundation headed by community and political leaders has raised $3.5 million for Nathan Benderson Park and hopes to raise at least $11 million in private donations for the emerging international rowing venue over the next 12 months.

The Nathan Benderson Park Foundation, headed by Randy Benderson of the Manatee County-based real estate firm, aims to be the fundraising arm that will draw the private financial support needed to complete the rowing facility's major structures. The nonprofit organization, which is separate from the Suncoast Aquatic Nature Center Associates — another nonprofit that is responsible for the park operations — will continue to raise donations to help build towers at the start and finish lines, a boathouse and several other buildings at the park..”



No comments:

Post a Comment