Government
Prosper discusses 2025 bond election possibility The 30,000-foot view of Prosper’s upcoming proj- ects could include a multimillion-dollar price tag. Prosper Town Council members discussed the possibility of calling an estimated $150 million bond program for a Nov. 4, 2025 election, and what it would look like for residents, during an Oct. 8 meeting. The bond program’s total could change over the next several months as town staff work to refine a list of projects and costs, according to a meeting presentation. Current situation Deputy Town Manager Bob Scott said projects included in the bond election would touch on all five of the town council’s strategic visioning priori- ties, which includes accelerating infrastructure and ensuring the town’s commercial corridors are ready for development.
Prosper adds to Lakewood Park plans A Prosper parks project is getting a fund- ing boost for additional features. Prosper Town Council members approved an additional $411,819 for Lakewood Park construction during an Oct. 8 meeting. In a nutshell The additions include: • 52 parking spaces added to the existing lot and a second lot • Fence extensions and wind screening around four pickleball courts Lakewood Park was a 2020 bond project and will bring a designated cricket field and pitch to Prosper. Construction was expected to finish in January 2025 but could last until the summer, according to Prosper’s capital improvement projects dashboard.
Next steps for a bond election
2024
October-November: Bond committee begins meeting to explain timing, process and status of previous 2020 bond program projects
December 2024-March 2025: Town staff identify projects and calculate cost estimates
2025
March: Cost estimates refined for staff- identified projects
April-June: Bond committee receives project presentations and prioritizes them into ballot questions
July 8: Committee presents recommendations to council
July 22: First meeting where council can call the election
Aug. 12: Last meeting for council to call the election
Oct. 20-31: Early voting
Nov. 4: Election day
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