Four years ago, a 93 937 million bond package sought to raise money for things like street work and improvements to the city’s cultural facilities. For electoral success In denver
Mayor Michael Hancock and supporters are back on the ballot this year, asking voters to approve a 4 450 million bond package in the November 2 election that would cut one of the city’s 4 billion. Backup of projects.
RISE Denver General Liability Bonds, Five borrowing steps Construction of two new libraries, upgrades to homeless shelters and The most controversial, A new field on the National Western Center campus.
For supporters, it’s time to move on. He says it is up to the federal regulators. He said interest rates would be raised from next year. And he says investing in the city’s infrastructure will boost Denver’s recovery from the economic damage caused by the epidemic.
“The reality is that we have a role to play in reviving our economy,” Hancock said. “Most of these projects focus on insecure neighborhoods. The post-epidemic era is when we focus on providing services and jobs to vulnerable communities.
The RISE package could face more voter scrutiny than 2017 bonds, especially when it comes to Reference Question 2E.
The most expensive of the five initiatives, 2E will fund the construction of a 10,000-seat multi-use arena on the National Western Center campus, an arena built in 1909 that will be converted into a public market.
Hancock sees these projects as part of the “economic stimulus” of the bond package, facilities that will create opportunities for small businesses and bring some money back to the city once completed.
Sarah Lake is leading it. Not on the arena bond. Campaigning against the move, she says 2E is half-baked, poorly planned and economically unstable. Feasibility studies It raised questions about whether the proposed field could compete with the then Pepsi Center and First Bank Center for concerts in Broomefield and if the public market would be sustainable without the population density around the National Western Campus.
Long-planned projects were expected to be funded through a partnership with a private developer, but the city halted bidding last year amid epidemics.
“After the public-private partnership ends, the city is rushing to pay the taxpayers, without taking the time to consider other fair ways to finance the project,” Lake said. “If we don’t make the market and the field ultimately profitable, we won’t see economic benefits.”
The RISE Denver campaign, which supports the bond package, has insisted that 2E will not raise taxes, but Leak says it is undesirable. The Belt Language leaves the door open for the city to raise ٹیکس 35.2 million a year in property taxes to pay off debts.
City Finance officials say that even under the most conservative estimates, the city expects to be able to pay off the bond package without raising taxes and has no plans to do so.
Opinions differ on 2E in the North Denver neighborhoods of Globewell and Ileria Swansea, which surround the National Western Campus, collectively known as GES.
GES Coalition. Organizing for health and housing justice has been opposed to the move, with a news release saying it was “not in line with equitable development, nor fair restoration.” Instead of 2E, the Alliance wants the city to focus on health and housing services such as investment in rent control and subsidized housing.
Longtime resident Juan Velos urged voters to pass the bonds at a news conference Wednesday at a train station near the National Western Campus. She was joined by Councilwoman Debbie Ortega and more than a dozen others who supported the five initiatives.
“The market being proposed is very important to the community,” Velos said through an interpreter. “We are really going to try to raise the awareness of the community and we will really complete these projects to make it a success.”
The bond package involves more than just measuring the field, and the Hancock administration is offering huge returns on investment if voters choose to make them. He said the bond projects would create about 7,500 jobs, creating an estimated 3 483 million in wages for workers. Private money is expected to lead the city.
“We have examples like Brighton Boulevard and Union Station where when the public bows down, the private sector responds with about five, six times the investment,” he said.
Christine O’Connor, a city government critic and watchdog, says there are still projects that have not been completed through the 2017 bond package.
“They’re taking the easy way out,” he said of the city leaders who support RISE. “They are relying on the goodwill of Denver voters who always say, ‘Of course, we have some more tax money.’ “I honestly don’t think it’s time for more general liability bonds.
Here are five bonds and the downside to what they do:
- Reference Question 2A (Denver Facilities System Bond): 4 104 million for repairs and improvements to the Denver Botanic Gardens. Two new libraries renovate the city-owned youth empowerment center and upgrade accessible to city buildings.
- Reference Question 2B (Denver Housing and Sheltering System Bonds): ڈالر 38.6 million for housing and shelter projects, such as the construction or renovation of shelters for the homeless and the purchase of potentially concealed buildings in shelters.
- Reference Question 2C (Denver Transportation and Mobility System Bonds): $ 63.3 million transportation projects such as extending Denver’s sidewalks, renovating and adding new motorcycle lanes, rebuilding the Morrison Road corridor, adding a cultural and arts district, and building an urban trail town.
- Reference Question 2D (Denver Parks and Recreation System Bonds): $ 54 million for park projects in northeast and south Denver. Restoration of athletic courts and fields Playground and recreational space and reconstruction of Mestizo-Curtis Park Pool.
- Reference Question 2E (National Western Campus Facilities System Bonds): $ 190 million for the construction of a new grounds on the National Western Center Campus and the renovation of the existing 1909 building.