Funds could be made available by the end of this year for nearly a dozen road, bike lane, walking trail, and sidewalk improvement projects in Albuquerque.
Members of the Albuquerque City Council are reviewing a proposal to sell a $50 million bond that would be backed by a twenty-five cent transportation tax earlier approved by voters.
The bond, which will have a 15-year lifespan, will pay for projects with price tags ranging in size from $1 million and $12 million.
The $12 million will fund work on the four lane expansion of the busy Paseo Del Norte from Kimmick Drive NW to Rainbow Boulevard, a project that city officials have said is essential in order to accommodate the city’s west side population boom.
Some $5 million of the bond will be slated for a Vision Zero transportation program that will include new arterial street lighting in the vicinity of the University of New Mexico’s north campus.
The completion of street improvement work in the Los Altos, Midtown, and Mile High Districts would see just over $4.8 million in funding.
The council is expected to vote on the bond question during its next scheduled meeting, set for September 9.
By Garry Boulard
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