SISD bond election asks voters to approve new football/soccer stadium, multi-use indoor facility.
The Stephenville ISD is asking voters to consider two bond propositions in May that come with a $75 million joint price tag.
Proposition A includes a $50 million football/soccer stadium that will be located across from Henderson Junior High School (on property owned by the district).
“The contract between Stephenville ISD and Tarleton State University for use of Tarleton Memorial Stadium is binding through July 31, 2025,” SISD Superintendent Dr. Eric Cederstrom stated in an email to Beneath the Surface News. “Tarleton has been a fantastic partner and host of Stephenville high school football for as long as anyone can remember.
“We appreciate that partnership as it will be part of Stephenville ISD lore. We wish Tarleton the best as it blazes new paths in its athletic future and look forward to partnering on other ventures.”
Proposition B includes building and equipping a multi-purpose indoor facility, construction of up to eight tennis courts and the replacement and/or upgrading of seating capacity and press box at the baseball field at a cost of no more than $25 million.
The board is considering a number of locations for the facility that will be located near the high school.
Residents will have the opportunity to consider each proposition separately when Election Day arrives on Saturday, May 7.
“The completion of the high school additions and renovations, including fine arts areas and an ag building is close and we look forward to opening the doors for the public to see what has been accomplished,” Cederstrom added.
Based on property value estimates and available information regarding state tax rate compression, approval of both propositions could result in an approximate $.0586 rate net increase.
The approval of Proposition A only could result in an approximate net increase of $.0291.
The approval of Proposition B only could result in an approximate net decrease of $.0004.