10/1/25

Riverside Wellness Center – Financial Overview (as of October 2025)

Project Goal

To provide a community wellness facility that meets local needs while minimizing impacts on property taxes and other city budget priorities.

Key Questions

When it comes to the financial side of the Riverside Wellness Center, there are two questions residents ask most:

  1. What will this cost?
  2. How will it be paid for?

Because the project is still in its early stages, exact numbers are not yet final. Costs may change as design, construction, and funding decisions are made. The figures below reflect the best information available as of October 2025.


What Will This Cost?


How Will This Be Paid For?

Bond repayment assumptions: $8 million borrowed, 4.5% interest rate, 15-year term.


Potential Benefits


Fiscal Responsibility


In Summary

The Riverside Wellness Center is a major investment in our community’s future. While costs are not final, the City is committed to:

 

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