Rutland residents are set to vote on a significant investment aimed at enhancing the city’s infrastructure. The proposed $3.9 million bond focuses on essential upgrades needed for development and long-term sustainability.
Vote on $3.9 Million Infrastructure Bond
This bond aims to fund the burial of power lines and replace outdated water and sewer systems along Center and Wales Streets. Such improvements are crucial for facilitating future growth in the area.
Planned Developments
In addition to infrastructure upgrades, the project includes plans for a seven-story mixed-use building. This building is projected to feature 99 hotel rooms and 26 apartments, addressing the demand for both accommodations and residential options.
Financing Through Tax Increment District
The development is located within the city’s tax increment financing district. This means that tax revenue generated from new commercial developments, including the hotel, will be used to repay the bond.
City Leaders’ Stance
- Support for the bond is strong among city officials.
- They believe that approval is vital for Rutland’s growth.
As the vote approaches, Rutland residents are encouraged to consider the long-term benefits of this infrastructure improvement plan. Investing in the future of Rutland could lead to enhanced services and increased economic activity within the city.
