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KCMO City Hall
Fri June 4, 2010
$90 Million Bond Issue Will Rebuild Throroughfares
Kansas City, MO – The Kansas City city council wouldn't go along with Mayor Funkhouser's plan for a large bond issue for infrastructure around schools, but it approved its own 90 million bond issue package Thursday.
The bonds the council allocated were approved by the voters in 2004 and 2005, but never actually sold.
Councilman Terry Riley characterized the bond package as a local economic stimulus.
"These bonds will create a local stimulus effect, revitalizing neighborhoods and putting people back to work, which is the key here today," Riley said.
$33 million of the proceeds will go for major reconstruction of thoroughfares like Troost, Wornall, 63rd Street, North Brighton and Waukomis. $20 million in sewer bonds will open up new areas of the Northland for Development.