Indoor Tennis Court Proposal Goes to RA Board on October 27, 2011

The Reston Association (RA) Board of Directors will consider a $3.8 million proposal--requiring a $4.4 million in financing--to build a five court indoor tennis complex at Lake Newport during its meeting this Thursday evening, October 27, 2011.   If the Board endorses the proposal, it will go to a community-wide referendum for approval in 2012. 

 

The financial details are available in an October 5, 2011, Reston Patch article, but have not yet been posted on the RA website.  In brief, this presentation offers three options--two bank loans and private bond financing (which RA has never done)--that would add between $4-$5 to annual RA assessments. 

Click here for other details and links on the always on-top-of-it Restonian blog.