City will consider helping Riverpark Center with bills - Tri-State News, Weather & Sports

City will consider helping Riverpark Center with bills

By Jasmin Embers - bio | email
Posted by Kelsey Wheatcroft - email

OWENSBORO, KY (WFIE) -  Owensboro city commissioners want to discuss the Riverpark Center's finances before making a decision on fully paying the organization's mortgage.

"Until financial recommendations have been made no decision on whether the city will advance money will be made," said Mayor Ron Payne.

Mayor Payne says his decision to pull the budget amendment from the agenda will give staff and the cultural advisory panel time to review the current financial state of the center.

"What efficiencies can we achieve? That's going to require the board and staff over there working with our staff to see what we can come up with."

Riverpark board member David Scott says becoming financially stable is a must in order to continue it's vital role in downtown development.  "We're an established corner stone of downtown and with all the development going on we need to continue to be that cornerstone and attract people to performances and the like."

Scott says finding ways to cut costs will be the first step.

"Perhaps there are staffing efficiencies that could be implemented.  We'll look at the whole realm of operating costs."

Payne says the city owns the Performing Arts Center and the mortgage payment is over $500,000 this year.  Payne says helping the Riverpark Center would be similar to actions taken to help the Owensboro museum of fine arts in may when advancing the organization $100,000.  "The Riverpark Center is a strategic asset in downtown, it's a significant part in revitalization and this commission supports the Riverpark Center and we're going to do everything we can to help them with their finances."

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