Tuesday, voters approved $218.4 million in city bonds for transportation, housing and neighborhood improvements.
“We are pleased that voters in Charlotte have approved bonds for the city’s Community Investment Plan,” said Mayor Jennifer Roberts. “The bonds for Transportation, Housing and Neighborhood Improvement will go toward transforming our community and strengthening our competitiveness regionally, nationally and globally. We thank all those who supported the investments that will continue to help shape Charlotte’s future.”
General Obligation Bonds are the primary sources of funding for many projects in the city’s Community Investment Plan which allows the city to keep pace with an expanding population, replacing aging infrastructure and improving quality of life. This is the second of four bond cycles in the current Community Investment Plan. Voters approved $146 million in city bonds in 2014.
“Passing the 2016 bonds allows the city to continue the great capital investments started in 2014 as well as initiate work on additional projects,” said interim City Manager Ron Kimble. “This support for the Community Investment Plan will help us ensure that Charlotte remains a great place for all to live, work and move about.”
Projects like the Cross Charlotte Trail, I-85 North Bridge, sidewalk and pedestrian safety improvements and the Northeast Corridor Infrastructure program are funded with transportation bonds. The city’s Housing Diversity program is funded through the housing bonds, and the Comprehensive Neighborhood Improvement Program (CNIP) is funded with the neighborhood improvement bonds.
More information on which projects are funded by the bonds can be found at www.charlottefuture.com.