Item 8 on the agenda: Use of the Arvada Center Property for a proposed Eastside Recreation Center by the Apex Park and Recreation District.

A recreation center at this site could not only centrally service residents along the entire East side of Arvada from 52nd to 88th Ave, but it could also help drive more revenue to the Arvada Center which currently runs at ~$3 million annual deficit that is funded by us (residents of the City). However, it isn’t the end of the world if its rejected, just a lost opportunity to better serve the East side.  And it isn’t end end of the Arvada Center either.  Maybe only about a $35 million error if you measure it as a “real option” (http://en.wikipedia.org/wiki/Real_option) if we are unable to re-new the bonds that are near the end or their term.

We will see how the vote goes tomorrow.