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
28 Free A'quarel Paint Playday for the kids
10:00 am - 4:00 pm
28 ADOPT While You Shop
11:00 am - 2:00 pm
28 Italian Dinner & Tombola(Italian Bingo)
6:00 pm - 10:00 pm
1 St. David's Day Celebration
6:00 pm - 10:00 pm
Do the hop
When the curious students at the Forty Carrots Family Center checked on their class garden, they noticed something moving in the mulch.
Taking love to new heights
The sky was the actual limit for the vow renewal of Ed and Dora Sementelli Saturday, at Autumn of Sarasota.
All grown pup
On Jan. 29, guide dog Sotheby walked across the Van Wezel Performing Arts Hall stage to receive his diploma as a Southeastern Guide Dog graduate with his new handler, Ginny Eichholz.