From the Lincoln Chamber of Commerce
1.IT WILL STRENGTHEN OUR ECONOMY
The Lincoln Haymarket Arena will generate $800 million in economic activity in our community during the three-year construction process. After it’s complete, Lincoln will see $260 million in annual economic activity – the equivalent of 65 home Husker football games.
2.IT WILL CREATE GOOD JOBS
The Lincoln Haymarket Arena will create thousands of jobs during the three years the arena is built. These good-paying jobs during construction will be added when we need them the most – during a tough economy. In the future, the Lincoln Haymarket Arena will add more than 1,000 permanent jobs at the arena and in the surrounding retail, office and commercial area. We need to do everything we can to keep and create good paying jobs, while we continue building a bright future in our community.
3.IT WON’T INCREASE PROPERTY TAXES
The ballot measure is clear: It includes language specifically guaranteeing that “APPROVAL OF THIS BOND ISSUE WILL NOT CAUSE ANY INCREASE IN THE PROPERTY TAX LEVY MILLAGE LIMIT OF THE CITY.” In addition, an economic growth analysis predicts that the Lincoln Haymarket Arena project will generate enough revenue to provide an additional $3 million in sales tax receipts to support city services. This helps ensure a stable budget for our city, reducing the likelihood of additional tax increases in the future.
4.IT REFLECTS PUBLIC INPUT AND ENSURES INDEPENDENT OVERSIGHT
The Lincoln Haymarket Arena project is the result of years of public input through community meetings throughout Lincoln. The feedback received resulted in important changes to the Arena plan. The Joint Public Agency that will be responsible for the project provides transparency and oversight of the expenditures for the project. Guaranteed audits will ensure that no funds are transferred from the general fund to the Arena project.
5.WE CAN’T AFFORD TO DO NOTHING
We’ve outgrown Pershing Auditorium. The building is over 50 years old and lacks the capacity, production space and infrastructure to support modern performances, concerts and sporting events. It is obsolete and costs more to keep open than it brings in. Doing nothing means we will forfeit having the Husker basketball team play at the arena and risk losing state high school tournaments – a Lincoln tradition. It also limits the possibility of new youth sports fields and other affordable family-friendly events that bring people together in Lincoln. In these times, doing nothing is not an option. The Lincoln Haymarket Arena is an opportunity we can’t afford to pass up.