Roswell moves forward with $93.4 million in bonds for ‘transformational projects'
The City of Roswell announced Tuesday that it was getting ready to issue a second round of general obligation bonds to fund a series of transformational projects.
A general obligation bond is "a municipal bond not secured by any assets; instead it is backed by the issuer's power to tax residents to pay bondholders," according to the U.S. government.
For Roswell, the new bonds to be issued are a second, and final, round for the projects. The city said they plan to issue $93.4 million, adding to the $86.2 million they released in 2023.
[DOWNLOAD: Free WSB-TV News app for alerts as news breaks]
City officials said Roswell residents 'overwhelmingly' approved the funding back in November 2022 to support 'long-overdue improvements' in the city's recreation, parks bicycle and pedestrian paths and sidewalks, public safety capital projects and the construction of a downtown parking deck.
'This second tranche is about finishing what we started—delivering on our promise to the voters,' Mayor Kurt Wilson said in a statement. 'These investments aren't just for today. They are generational projects that will shape the Roswell we leave to our children and grandchildren.'
TRENDING STORIES:
Rent report says Atlanta is the 25th most expensive city in US
Only hours left before parking prices increase at Hartsfield-Jackson Atlanta International Airport
Gwinnett County Solicitor General launches Special Victims Unit
The city said they expect the bonds to be closed in July 2025, allowing them to then be used for advancing 'vital public safety improvements, expand pedestrian infrastructure and enhance the parks system' in Roswell.
Here's a list of some of the projects to be funded by the second tranche of bonds:
Improvements to Riverside Park and Don White Park as part of the River Parks Master Plan
Construction of new Fire Station 27 in East Roswell
Expanded sidewalks and bike paths
Renovations to the new Public Safety Headquarters
Activation of Roswell 911 Center
The city said they were leveraging the bond funding in a responsible way to ensure a maximum return on investment, with estimated impacts on property taxes in Roswell averaging $69 per year or $5.75 per month.
For full details on the projects funded by the general obligation bonds, head online here.
[SIGN UP: WSB-TV Daily Headlines Newsletter]
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 hours ago
- Yahoo
Longtime dorm fixture demolished at Cedarville University, making room for growth
It's been a bittersweet moment for students and alumni at Cedarville University as demolition crews tore down Williams Hall. It holds many memories for people who once lived in the dorm hall. Director of Gift Planning for Cedarville University, Roscoe Smith, said, 'When I arrived on campus in the fall of 1978 as a 17-year-old freshman, I was housed in Williams Hall, which at the time was a men's dorm.' [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] TRENDING STORIES: Over 400K driver's license suspensions removed under new Ohio law Longtime local bowling alley gets new owner Israel attacks Iran, kills top military personnel; Tehran retaliates Smith now works for the university. He said it was fun reliving the memories as he watched it come down. 'Playing way too much foosball. We had a lounge up on the second floor with a foosball table, and we had tournament after tournament,' Smith said. He continued by saying, 'It's the people that made the difference, not the building.' Williams Hall was transitioned in 1981 to house campus offices, beginning with student services. In recent years, it has been home to several academic departments. This is one of the final steps to rebuilding the campus. The Bolthouse Academic Center will be built at that location, costing $35 million. 'That will house offices, classrooms, student collaboration space, conference rooms for many of our liberal arts programs,' Smith said. He continued by saying it's pivotal for the school's growth. 'It's thrilling to see what Cedarville is continuing to move forward in advance, especially in today's higher ed market, which is very, very challenging,' Smith said. Cedarville University said they plan to have the new academic center open by the Fall semester of the 2027-28 school year with a total of three floors. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
Yahoo
11 hours ago
- Yahoo
Longtime local bowling alley gets new owner
A longtime Kettering bowling alley now has a new owner. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] Capri Lanes announced on social media that they have been purchased by Strike & Spare Family Entertainment. Strike & Spare is one of the largest family-owned operations in the country, according to the social media post. TRENDING STORIES: Former NFL receiver Antonio Brown sought on attempted murder charge Have you seen her? Police searching for missing 40-year-old woman Road closures expected as almost 600K pound 'superload' moves through Miami Valley, The bowling alley will reopen on June 17 with limited hours until they are fully staffed. 'There are several changes being planned for the center, and we are very excited to see the center continue to grow and be the best center in Dayton!' the post reads. More information and hours can be found here. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
Yahoo
12 hours ago
- Yahoo
Frontier Airlines added new Florida flights. Here's where, when and which ones cost $59
Heading to Atlanta? Frontier Airlines just added new flights to and from Florida. The low-fare airline launched six new routes from Hartsfield-Jackson Atlanta International Airport (ATL) on June 12 and 13, including twice-weekly flights to Jacksonville, Fort Myers and Palm Beach, the company said in a release. All three Florida routes will run twice a week. The new route is part of Frontier's "America's Greenest Airline" promotion, with introductory fares as low as $59 for Sunshine State flights. "We are thrilled to launch these additional six routes from ATL this week, including our first ever service to the beautiful country of Honduras – just the latest in our growth in Atlanta,' said Josh Flyr, vice president of network and operations design, Frontier Airlines. Tickets for the listed flights must be purchased by 11:59 p.m. ET on June 25, 2025. Sale fares are valid for non-stop travel on select days of week, June 27, 2025, through Nov. 19, 2025. Blackout dates apply: July 3 and 6, 2025 and Sep. 1, 2025. A 14-day advance purchase is required. Round trip purchase is not required. Jacksonville (JAX), starting June 12, 2025, 2x/week, starting at $59 Ft. Myers (RSW), starting June 12, 2025, 2x/week, starting at $59 Palm Beach (PBI), starting June 13, 2025, 2x/week, starting at $59 San Pedro Sula, Honduras (SAP), starting June 12, 2025, 2x/week, starting at $89 St. Louis (STL), starting June 12, 2025, 3x/week, starting at $69 Columbus, Ohio (CMH), starting June 13, 2025, 2x/week, starting at $49 Last year, the Colorado-based airline (with bases in Miami, Orlando and Tampa) responded to complaints from the traveling community with some big changes: New fare bundles: Frontier overhauled its fare structure to simplify it and add more amenities No change fee: All Frontier passengers (except for Basic ticketholders) will be able to cancel or change their tickets without having to pay an extra fee Customer service phone line: After catching heat for dumping its customer service phone line in 2022, they brought it back Low price guarantee: Frontier is offering 2,500 miles for any customer who finds a lower price for a comparable flight on another airline on the same route and date (details here) New seating option with empty middle seat: Choosing the UpFront Plus option gets you a guaranteed empty middle seat so passengers sitting by the window or aisle have more personal space (more details) This article originally appeared on Palm Beach Post: Frontier Airlines Florida flights added to Atlanta. Here's where
