On November 4, Charlotte citizens voted and approved $227.2 million in transportation, neighborhood and affordable housing bonds. No tax increase will be needed for the bonds.
Transportation - $170.2 million
$84.7 million will be used for major road construction projects:
$70.5 million for a combination of transportation improvements, infrastructure, and enhancements including:
Widening of rural, below standard farm-to-market roads with heavy traffic and safety concerns. Projects include:
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Community House Road and Back Creek Church Road
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Minor roadway and intersection improvements
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Railroad crossing safety improvements
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Replacement and upgrade of coordinated traffic signals, signs and cameras
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Access improvements in the center city
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New bikeways for existing and future roadways
Pedestrian and streetscape improvements included in community plans:
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Providence I/485
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Optimist Park
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Brookshire I/485
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Thomasboro/Hoskins
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Newell
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Eastland
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Dilworth
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Rocky River
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Bryant Park
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University City
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Northlake
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Belmont
$15.0 million for new residential and thoroughfare sidewalk
Neighborhood Improvement Projects - $47 million
This bond provides new and reconstructed infrastructure such as curb and gutter, sidewalks, streetscape and storm drainage in neighborhoods showing signs of distress such as Enderly Park, Ponderosa, McCrorey Heights, Hidden Valley and Plaza Shamrock, Eastland, and Double Oaks.
Affordable Housing - $10 million
Bond monies will be used to support the City's Housing Trust Fund, which will leverage private dollars to increase the development of affordable housing for low and moderate-income families.
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Multi-family new construction and rehabilitation
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Homeownership development in targeted neighborhoods
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Special needs population including the elderly, disabled and homeless
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Acquisition of properties for the development of affordable housing
