How Much Debt Does Peachtree City Have?

Special Thanks To: Johns Pest Control
The south is full of pest control companies but there is only one pest control company that we consider to be the best in Peachtree City. John's Pest Control is our #1 choice for Pest Control in Peachtree City.
Call Today: (678) 552-1799
Author: PTC People
Date Published: May 1, 2014

Peachtree City is in Debt & Thinking About Going Deeper in Debt!

Share!Email this to someoneShare on Facebook0Share on Google+0Tweet about this on TwitterPin on Pinterest0
If you live in Peachtree City, you most likely are not from here. In fact, Peachtree City sees a lot of people moving in and out of the city on a regular basis. Because of this, a lot of local information about the city that may seem obvious or common knowledge isn't. The fact that Peachtree City is in debt was a shock for me and for almost everyone I have talked with about it.

I know that debt isn't new to anyone and it is had by many and is something that is all too familiar to our federal government but I hoped that the local cities stood on higher ground. However, when someone or something (government) takes money by law, spends it all, and then needs more so it goes into debt to get it, there is a problem.

Peachtree City is $14.8 million in debt.

The City Wants To Borrow More Money!

The city is considering adding an additional $3 million of debt through a second round of facilities bond financing. Why?

That is what Jon Rorie the Community Services Director will be addressing a tonight's city council meeting. Jon Rorie will be giving a list of specific projects that "need" completed this year and that need the borrowed money in order to have them completed.

Peachtree City's 2014 budget already includes approximately $2.5 million for these building projects and infrastructure needs. Some of these include restoring a wall at the Kedron Aquatic Center, some work and updates on the training building for the fire department, a demolition project of the closed Clover Reach Pool & a few other projects at the city tennis center. (I didn't know this was the city's. Does anybody have more information about this?)

Come To Tonight's City Council Meeting

Tonight from 7:00 - 9:00 there will be a city council meeting. Part of that meeting will be devoted to this possibility of increasing the city's debt. The meeting is held at the city hall. Come and let your voice be heard whether it is for or against the proposal.

Leave a Comment Regarding "How Much Debt Does Peachtree City Have?"

Leave a Reply

8 Responses to How Much Debt Does Peachtree City Have?

  1. คลิปหลุด on December 11, 2015 at 10:09 am

    Hi there to every , as I am actually keen of reading this weblog’s post to be updated regularly.
    It contains nice data.

  2. Jacelyn on December 10, 2015 at 9:43 am

    Woah! I’m really enjoying the template/theme of this blog.
    It’s simple, yet effective. A lot of times it’s difficult to get
    that “perfect balance” between superb usability and visual appeal.

    I must say you’ve done a fantastic job with this.
    Additionally, the blog loads very fast for me on Chrome.
    Superb Blog!

  3. หนังx on December 8, 2015 at 4:20 am

    This is my first time pay a visit at here and
    i am actually pleassant to read all at alone place.

  4. David on May 2, 2014 at 8:40 am

    The PTC Tennis Center was private until the city noticed it was making a lot of money and the city wanted a piece of that money so they basically forced the previous owner to hand it over to the city. The coaches that made it so successful quit because of the changes the city made and the people followed the coaches. It’s gone downhill ever since and according to this, doesn’t look like it’s making enough money for its own maintenance.

    • PTC People
      PTC People on May 2, 2014 at 8:44 am

      David,

      Thanks for this information. I had no idea. When was it privately owned and when did it change hands? Is there record of it and was it purchased? Curious where many of the coaches went.

      Thanks for your comment and for visiting our site. Just curious, how did you find out about us or come across this article?

      Sincerely,

      Garret
      PTC People

      • David on May 2, 2014 at 9:40 am

        Hey Garret, here are a couple news articles that talk about when the city received full custody of the facility. They also talk about when the Tennis Center was rated one of the best in nation and the previous director was named USTA Professional of the Year. I was only about 11-13 years old when a lot of this transitioning was happening, but I was a member of their youth tennis academy, receiving coaching from their great coaches. In the articles it says he resigned, but it was more like the city requested that he resign so that they didn’t have to fire him. Also, it talks about the debt that the tennis center was accruing, but the majority of the debt was due to a large expansion of the tennis center, including eight covered courts and a new office building. I may be a little biased because I lost a lot of friends who followed the coaches to places like South Carolina, other parts of Georgia, or even public courts around Peaqchtree City, but it was a great place before the change, and kind of turned into a ghost town after. That I know for sure.

        http://www.thecitizen.com/archive/main/archive-030928/fp-01.html

        http://www.thecitizen.com/archive/main/archive-031001/news/fp-03.html

        One of my friends who still live in the city posted this article on facebook, where I saw it.

        • David on May 2, 2014 at 9:45 am

          And in my previous article I say “fire him,” but what I meant to say was “kick him off the committee”. Not sure he was an employee of the city or just one of the volunteers at the time.

          • PTC People
            PTC People on May 2, 2014 at 9:56 am

            Thanks so much for those links. I learned a lot through them. I think it was the Development Authority of Peachtree City that built the tennis center. I am still learning about the DAPC but from what I understand it is a private organization with the main goal being to increase the economy in our city.

            So it seems that currently the tennis center is not breaking even because the city just yesterday was talking about issuing bonds for needed projects and one of those was replacing the roof to the tennis center. I wonder what it would take to break even over there.

            Sincerely,

            Garret
            PTC People

Recent Peachtree City News

Finally Finished! Lake Peachtree Golf Cart Bridge

For the past month I have had to drive my car to church instead of the golf cart because of the inconvenient golf cart bridge closing on Highway 54.

Train Hits Car in Peachtree City This Morning

The Peachtree City police department received a call this morning (6/12/2014) regarding a train hitting a car that was stuck on the train track. There was minimal damage caused to the train.

Mowing Lake Peachtree: Who’s Going To Do It?

Who is going to mow Lake Peachtree? Most likely the lake will not be filled back up this summer. Learn more and see some fun pictures.

Major Golf Cart Bridge Path Closed in Peachtree City!

A major golf cart bridge has been closed in Peachtree City. For a month. See which and how to get around it.

Lake McIntosh: Ban Lifted

Lake McIntosh lifts a strict ban to allow for a local event to take place. Learn what and when.

Lake Peachtree Still Empty…Now What?

Lake Peachtree has been empty for months now and it is still empty. Read more to see why and what is happening?

All Children’s Park – Grand Reopening This Friday

Attend the grand reopening of the All Children's Park. The city has completed the parks improvements and is ready for visitors!

McIntosh Student Arrested For Trying To Sell Marijuana Brownies

On Tuesday April 1, 2014 a McIntosh Student was arrested for trying to sell marijuana brownies. Read more about the incident.

Lake Peachtree Refilling Delayed

Many people have been asking when Lake Peachtree is going to fill back up. We just received this notice from the city about this very thing. Read to find out when the Lake is going to be filled back up.

All Children’s Park is Getting a Round About

The All Children's Park is getting a golf cart round about. The park is seeing major updates that will make it last and be enjoyed by many for years to come. Pictures included*