In 2013, Council voted to transfer $320,000 from General Fund reserves to a Catawba Park reserve fund which brought the account balance to $327,193.20. As per the Gardendale Development Agreement, Drake Capital deposited $246,000 with the City bringing the total of Catawba Park funds to $573,193.20. The City also transferred monies received from the Stonecrest Development Agreement ($223,379.61) and Hospitality Tax funds ($400,000) into the account bringing the total balance readily available for Catawba Park is $1,196,572.80. As this is estimated as a $12 million facility, additional funding will be sought after through naming rights, grants and public funds in order to complete the park.
In April 2017, City Council approved, Tega Cay Forever Committee, to serve as a fundraising arm for Catawba Park. In December 2017, Tega Cay Forever received approval from the Internal Revenue Services to operate as a 501(c)3. For more information on how to join the fundraising efforts please click here.
On December 21, 2015, representatives from Campco Engineering presented the site plan for Catawba Park to Council. During this meeting, the City Manager requested that Council authorize proceeding forward with construction documents for the city owned 10-acre parcel. Council requested that the City Manager provide a scope of work and not to exceed price. At the January 19, 2016, meeting, City Manager Funderburk presented the scope of work and a not to exceed price of $465,000 which will include developing designs and construction documents for the baseball/softball complex on 9.4 acres (currently owned by the City) as well as preliminary engineering design for 39 acres owned by Duke Energy. At the November 20, 2017 meeting, City Council approved a lease with Duke Energy for use of their property until 2055. The scope of work can be viewed here.