The city purchases Overstreet School from the school system for X million (it would need to be appraised) and renovates it for the municipal complex. That allows a large portion of the bond money to be reinvested directly back into the community.

It also addresses some of the complaints from other attempts.

The complex will be located in a central location close to downtown.
There is plenty of space for parking and expansion in the future.
There is access from three streets.
The current city hall could be renovated for the police department providing them with the additional space they need.
The money from the sale of the property would go back into the community instead of into the hands of a few landowners.
The city would be preserving another historical building in our community.
The school system would get a large cash infusion at a time when it is needed most.

Those are my thoughts. What do others think?