Mayor Greg Ballard on Tuesday provided details of his plan to upgrade city infrastructure by using revenue from an expected $425 million sale of the city’s water and sewer utilities to Citizens Energy Group.
In early April, IBJ reported that Ballard planned to use the funds from the utilities' sale to improve residential streets and sidewalks, similar to how Gov. Mitch Daniels supported his Major Moves transportation program by leasing the Indiana Toll Road for $3.8 billion.
The largest project on the city’s planned list of improvements is a $3.8 million resurfacing of 82nd Street between Allisonville Road and Interstate 69.
Also, 46th Street will get major improvements, including a $1.6 million project to replace curbs and sidewalks and to resurface the road between College and Keystone avenues, and a $1.5 million resurfacing project between Keystone and Emerson avenues.
In addition, a portion of the city’s planned investment will be used to demolish abandoned homes that pose a public safety threat to neighborhoods, the mayor said in a prepared statement.
“Moving forward with the planned improvements will not correct all of the infrastructure problems facing our city,” Ballard said. “However, this investment represents an unprecedented effort and a significant boost for all areas of the city.”
The City-County Council must approve any final agreement with Citizens Energy. The proposal then will go before the Indiana Utility Regulatory Commission.