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City plans to borrow $135M for Rebuild Indy

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City officials said Thursday that they intend to spend $350 million over the next three years to improve streets, sidewalks, trails and bridges.

Most of that money will come from existing funds, but $135 million will be borrowed against increased state transportation funding. The bond request will be introduced to the City-County Council on Monday. Council President Maggie Lewis and Minority Leader Michael McQuillen will co-author the proposal, according to the Mayor’s Office.

"I'm pleased to announce today another really transformational plan to rebuild neighborhoods across our city," Mayor Greg Ballard said during a press conference at the Keenan Stahl Boys & Girls Club on the south side.

The neighborhood and club have been lobbying for sidewalks on Troy Avenue since one of the club's members was struck by a car and killed. Headed for his bus stop, Robert Kirby Jr. was crossing the street in the dark of early morning in 2008 when he was struck by a driver who didn't see him.

Ballard's plan allows the Department of Public Works to continue addressing a list of various infrastructure requests, estimated to cost $700 million, even after money from the 2010 sale of the city's water and sewer utility to Citizens Energy runs out. There's about $40 million left in the $400 million Rebuild Indy fund, a DPW spokeswoman said, That money would roll over into new program, which begins next year.

The $350 million plan includes DPW's usual levels of state and federal funding, which were not specified, plus the remaining Rebuild Indy funds. The city expects its share of state gas tax revenue to increase by $7 million, and will leverage that into the bond issue.

DPW's plans for new infrastructure improvements include allocating money in these areas:

—$102 million for street improvements.

—$100 million for sidewalks, greenways and bike lanes.

—$46 million for bridges.

—$20 million for parks.

—$19 million for future project studies.

Ballard noted that the list includes all of the streets that have been deemed first and second-tier priorities for repaving but not yet addressed under Rebuild Indy. The list covers about 280 segments of road, or 200 lane miles.

The mayor is also emphasizing connectivity—sidewalks and trails—to popular destinations and IndyGo bus stops.

  

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  • Post Road sidewalks!
    Way to go Mayor and Councilpersons Lewis and McQuillen! Lobbying for sidewalks on Post Road north of Pendleton Pike. I almost hit a guy riding a bike south in the northbound right lane, he hit a hole and dumped his bike right in front of me!
  • The city isn't doing everything exactly the way I want it done! Clearly everyone in the Mayor's office is corrupt or incompetent! And evil, don't forget evil. And don't even get me started on the so-called "sport" of cricket. Who even cares about cricket? No one in 'merica, that's for sure.
  • Citizens Money GONE?
    So the hundreds of millions that Indy just received from selling the water infrastructure to Citizens is gone already? My neighborhood is still full of abandoned eyesore vacant homes, crappy streets, and a general lack of sober police officers.
  • $$$$$
    I think Ballard must know by now he will get smoked in the next election. This borrowing would only be $129M if he had not spent $6M on that goofy cricket field.
  • Demo funds?
    Sure would be nice to use the $19M on more demo's of vacant and abandoned properties. We got a good start between NSP and Rebuild Indy, but drive around town about 2-3 miles from the monument and you'll see tons of need.
  • Rediculous Spending
    This mayor is a total idiot spending money on bike lanes and future project studies when he says he dosn't have money to hire more police officers as crime runs rampant. He says crime is down but I know of several instances where citizens didn't report a crime because he could't talk to detective just a civilian. The man is an idiot.
  • IMPD
    And where does the money come from for the policing of these new streets and sidewalks.
  • Future Studies?
    Why on earth would we sell bonds to provide $19 Million for "Future Project Studies"? Have they finally gone insane in City Hall? If that is smart spending of money, that has to be paid back with interest, please let me be the studier.

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