Watertown ice arena could see sales tax bond, is not going to increase assets taxes

The Watertown Progress Co. has picked out to opt out of the existing memorandum of understanding about a prepared new ice arena in town.

“The memorandum of knowing has changed with the Watertown Improvement Co. deciding upon to focus on just the financial development element of it. They are still committed. We have an agreement. All the ideal sections of the memorandum of comprehension are nevertheless in area, and we are nevertheless going forward with it. This is a slight alteration in the authentic strategy, but you really do not deal with a huge challenge like this without the need of a number of hiccups alongside the way,” said Mayor Ried Holien during past week’s city council conference.

With the Watertown Improvement Co. choice, the ice facility will probably demand a revenue tax bond.