Credit Crisis Delays Sewer Expansion
Kansas City, MO – Like local governments around the country, Kansas City relies on municipal bonds to finance major projects, like improvements to its water and sewer system. And with the current credit freeze, the city's waiting for a better market to issue 200 million dollars worth of water bonds. And after that, it needs to borrow 80 million more for urgent sewer upgrades. As KC Currents' Sylvia Maria Gross reports, there are parts of the city which been waiting a long time for basic services.