This is the fund gathered from local option hotel and meals taxes. Currently, there is over $3.5 million in the fund and projected revenues in the future average about $1.2 million a year, according to the selectmen.
If the Rustcraft Road building is acquired from the real estate investment company, Davis Company, the town will move the Town Hall, police station and senior center into the same 224,000 square foot building.
The new Town Hall would be 35,000 square feet, the police station would be 21,000 sq. feet and the senior center would be 16,000 sq. feet, if the project was approved.
The total cost of the project would be $28 million, which is not expected to have an impact on residents’ taxes and will only be acquired if the two-thirds of registered Dedham voters approve it at Nov. 18's Town Meeting.