As required by California Elections Code §9212, the City of Escondido has issued an independent report on SITR’s initiative. Here is what it concluded about the initiative’s financial impact:
Financial Impact – Maintenance and Operations Costs
The $1M contribution proposed by the SITR Initiative does not appear to be intended or available for ongoing maintenance and operations (M&O) costs, nor has any specific funding mechanism or endowment been proposed for the ongoing M&O. Information from the City of Carlsbad, who maintains both 25-meter and 50-meter swimming pools indicated that the maintenance and operation costs (including staffing) for their Olympic pool exceeds $500,000 annually. (City of Escondido Elections Code Report page 30-31)
The report summarizes the history of the Country Club area, SITR’s involvement, and the impacts SITR’s proposed development would have on the community.