Brian Coddington

City proposes streets, parks funding plan

Brian Coddington, Communications Director, No Phone Number Available

Monday, April 28, 2014 at 4:40 p.m.

Mayor David Condon, along with City Council President Ben Stuckart, Dallas Hawkins, chair of the Citizens Streets Advisory Committee, and Randy Cameron, chair of the Parks Board, announced a plan to make significant investments in our streets and parks.

The proposal is based on refinancing of existing debt to pay for both priorities using the same dollars we are currently taking in on previously approved streets and parks bonds.

Currently, Spokane's citizens pay 91 cents per $1,000 of assessed property value toward the repayment of three street and park bonds. That total includes the 2004 Street Bond, the 2007 Pools and Play Bond, and the 1999 Park Bond.

With strategic refinancing, the dollars generated through these same assessments could be used to provide:

  • $25 million annually for street funding that would maintain the level of work completed annually on arterials and residential streets under the 2004 Street Bond
  • $60 million for implementation of the new Riverfront Park Master Plan, which was developed with considerable public input
  • Retirement of the current debt

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