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Infrastructure Bond Voting Day
March 17, 2015 @ 10:00 am - 10:00 pm EDT
2015 Proposed Infrastructure Bond Voting Day – March 17, 2015!
Please consider voting “YES” on March 17, 2015 to approve the proposed infrastructure bond. Westview projects slated for the list include:
- Cascade Road/Avenue: The project scope may include milling and repaving, sidewalk & bus stop improvements; bicycle lanes and median/pedestrian refuge islands along Cascade Ave/Road between Delowe Road and Abernathy Boulevard. Estimate: $3,040,000
- R. D. Abernathy Blvd: Complete Street improvements inclusive of curbing, sidewalk and pedestrian improvements from Cascade Avenue to Westview Drive. Resurfacing will be completed by GDOT (separate budget). Estimate: $1,500,000
- Beecher Street: Resurfacing from Donnelly Avenue to Ferris Street. Estimate: $456,300
- R. D. Abernathy/Georgia Avenue: Upgrades along major thoroughfares to optimize signal operations and communications network to ATCC. Estimate: $612,700
Proposed Infrastructure Bond 2015
Mayor Kasim Reed has made a commitment to address the city’s pressing infrastructure challenges. Today, the city faces an infrastructure backlog of more than $900 million. In order to begin improving our city’s roads, bridges, sidewalks and expand our green spaces, the city is proposing a bond infrastructure referendum to pay for these repairs and improvements. The Departments of Public Works, Planning and Community Development, in coordination with the Atlanta City Council, are seeking public input to determine priority and criteria for project selection for the bond.
What is a Bond?
Bonds are investment opportunities issued by an entity that is authorized to sell bonds to investors. After the bonds are released into the market and investors subscribe to them, the proceeds are used to finance infrastructure projects. These developments include basic facilities and other projects. The facilities may include transportation and communication systems, and public buildings.
Why do an Infrastructure Bond?
Atlanta has aging transportation infrastructure: $881M is needed to restore and/or replace existing bridges, roads, sidewalks, street lights, signals and signs to good condition.
Atlanta has aging facility infrastructure: $130.8M is needed to restore and/or replace city facilities (fire stations, police stations, recreation centers, etc.) to good condition.
The decision will rest with the voters: The City of Atlanta recommends a diversified funding plan to address the infrastructure backlog that begins with a $250M general obligation bond to be presented to the voters in March 2015.
Inquiries related to the Proposed Infrastructure Bond may be sent to:
City of Atlanta
Department of Public Works
Office of Transportation Capital Projects.
ATTN: Rodney Givens, P.E.,
55 Trinity Avenue, SW, Suite 4500
Atlanta, GA 30303
Phone: (404) 330-6739