$54 MILLION Cauley Creek Park. How Much is TOO Much? Although the City has earmarked $16million of the Park Bond to build out Cauley Creek Park, with the 30 year bond with approximately 3.5% current rate, it will cost about $34 million with fees, interest, and principal.
This is on top of the purchase price of $20.3 million.
According to Councilman Chris Coughlin, the City could have saved $16 million in 3 or 4 years with current millage and appropriated to build out, rather than borrowing money.
Residents, would you rather see some of this money reallocated for other Parkland acquisition in Johns Creek?