Drawing from a recent provide of voter-approved bond cash, Denver is primed to spend $13 million overhauling the sixteenth Road Mall, $22 million on a brand new police station and lots of of hundreds of thousands extra on different tasks.
The Denver Metropolis Council on Monday night time signed off on town issuing $366.4 million in new normal obligation bonds to pay for the laundry record of tasks. The bond issuance was authorised as a part of the council’s consent agenda. Council members didn’t name the ordinance up for feedback or questions.
The brand new debt authorised Monday comes from two voter-approved bond packages.
The 2017 “Elevate Denver” bond package deal approved as much as $937 million in spending on some 460 tasks throughout town. Monday’s measure is the fifth time town has gotten approval to challenge bonds from that package deal, with not less than another spherical of bonds seemingly coming in 2023, officers mentioned.
The $246.1 million in Elevate bonds the Metropolis Council signed off on will fund greater than 30 tasks together with the sixteenth Road Mall overhaul, a groundbreaking ceremony for which shall be held this week. Denver Police Division District 6, which incorporates downtown and the Capitol Hill neighborhood, shall be getting a brand new headquarters constructing supported by $22 million authorised as a part of Monday’s vote.
The Elevate bonds may also help upgrades to parks and response amenities together with $17.2 million to fund the development of a brand new recreation middle within the Westwood neighborhood and $13.2 million for an indoor pool on the Swansea Recreation Middle on East forty ninth Avenue.
