Council approves $19.2M for capital improvements

32 Views
The city's capital improvement plan would include $2 million for the first phase of City Park. Rendering by MKSK.

Greenville City Council has given initial approval to appropriating nearly $19.2 million for capital improvement projects in 2017-18.

Parks — from the city’s new signature park west of downtown to neighborhood parks scattered throughout the city to Cleveland Park — are the big winners in the proposed capital improvement plan for the budget year that starts in July.

The Council is expected to give final approval to the CIP and its 2017-18 operating budget on May 22. A public hearing about the budget at CIP is set for May 15.

The only debt issuance the city is considering for the CIP is a sewer revenue bond that would finance approximately $3 million of the $3.35 million in wastewater system improvements planned for fiscal year 2018.

If the current version of the CIP is adopted, the city will pay for a master plan for Cleveland Park, use $500,000 to develop the Cleveland Park Stables that was donated to the city by a benefactor after neighborhood residents successfully fought a proposal to build apartments there, and $2.04 million for a laundry list of needs at the city’s 34 neighborhood parks.

The CIP also includes $2 million for the first phase of City Park, a park that is expected to transform the western side of downtown, much like Falls Park and subsequent projects transformed the West End.

SHARE

Comments

Related Articles