Meeting: Study Session

Meeting Time: September 16, 2025 at 5:30pm PDT
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Agenda Item

allcove Beach Cities Facility

  • Default_avatar
    Executive Director StopBCHDcom about 1 month ago

    BCHD ALLCOVE IS A RISKY $100M+ SCHEME

    FACTS:
    ALLCOVE service area is 91% non-residents of the District
    ALLCOVE current use is about 50% resident, subject to change
    BCHD states the ALLCOVE building cost to be in excess of $13M
    BCHD has raised a de minimis amount of funding for ALLCOVE's building beyond the large grant
    BCHD and NOT the 91% non-residents will have a 30-year OBLIGATION for the building operation
    BCHD and NOT the 91% non-residents will have a 30-year OBLIGATION for the PROGRAM operation
    BCHD has NOT estimated the 30-year obligation
    StopBCHD has estimated the 30-year obligation and it is $100M to $120M for direct operations

    BCHD plans to legally commit the TAXPAYERS OF THE DISTRICT to over $100M in expenses with ALLCOVE for 91% NON-RESIDENTS.

    THAT IS NOT A PRUDENT ACTION.