The city is moving forward more than $180 million in capital improvements during the next 10 years. However, it is warning that falling property-tax revenues could put some projects at risk.
City officials had promised to perform many projects that were approved by a sales-tax referendum, but those promises were based on the projection that the tax would bring in $8.2 million.
It’s currently generating $5 million.
“We’re going to have to take projects off the list,” warned City Manager Bob Bartolotta. “They’re all worthy projects, but the money isn’t there.”
Fifty-two capital-improvement projects are currently featured on the list, with 50 of them having dedicated funding sources. The total estimated cost of doing those projects today is $182 million.
The work falls in six different categories:
• Critical infrastructure, such as the replacement and rehabilitation of bridges and federally mandated upgrade of the police-radio system;
• Enhancement projects, such as street resurfacing and sidewalk construction;
• Economic-development projects, such as Newtown redevelopment and Lido Beach erosion control;
• Transportation projects, such as the bayfront-connectivity plan and new roundabouts;
• Quality-of-life projects, such as phase II of Payne Park construction and Lido Beach pavilion improvements;
• Sustainability, such as stormwater improvements and Whitaker Bayou Greenway Park.
To download a PDF listing all the projects and their costs, click here.
Contact Robin Roy at firstname.lastname@example.org.
Currently 0 Responses
12 French open house
9:00 am - 12:00 pm
12 Picture Day, Free for the kids
10:00 am - 4:00 pm
12 Children's World 50th birthday party
10:00 am - 4:00 pm
12 Dog Days of Summer Adoption Event
11:00 am - 3:00 pm
Show of support
Siesta Key Hardware owners Patricia and James Hillier are bringing the island community closer together.
Southeastern Guide Dogs has announced a T-shirt design contest for its 2015 walkathon held across the state.
Growing up green
More than 80 campers experienced the beauty of nature at the S.T.E.M. Summer Camp last week in Venice.