At its Feb. 19, 2019, worksession, College Park City Council will discuss financing options for its planned $12.5 million City Hall.
Most of College Park’s recent capital projects, except for the Knox Road parking garage, have been fully funded the year of the project, a pay-go system. But a large, multi-million-dollar project such as its new city hall is not suited for such financing. For one, it would cost nearly $14 million in one year for this project. Such an outlay would eat up most of the city’s budget in a given year.