May 22, 2018
DENVER – The first investments into Denver’s neighborhoods proposed by Mayor Michael B. Hancock as part of the 2017 General Obligation Bond (GO Bond) received final approval from City Council last night. From more bike lanes and improved roads and bridges to park enhancements and major construction of cultural facilities and Denver Health, the $193 million list of initial projects delivers on high priority investments that are ready to get going.
“I’m excited that this first round of neighborhood investments will soon be underway across the city, and I thank City Council for their continued partnership in moving these much need repairs and improvements forward. The voters of Denver told us clearly what they want to see from the GO Bond, and we’re making good on our commitment to begin delivering those improvements this year,” said Mayor Hancock.
The approved initial project list can be found here.
“The Department of Finance has been working diligently to ensure we are helping the program team move as quickly as possible to begin delivering on projects the voters approved. The next step is for us to go to market for these bonds in June and start infusing the initial projects with the money they need to move forward,” said Denver Chief Financial Officer Brendan Hanlon.
The city currently anticipates a second debt issuance in 2019, which will allow many of the projects designed in 2018 to move quickly to construction.
The city began the GO Bond process in 2016 by engaging the Denver community in a conversation about the improvements they want in their neighborhoods and throughout the city. With six public meetings, a map-based online tool, City Council engagement, and comment cards located at libraries and recreation centers across Denver, the city received more than 3,000 investment ideas. The stakeholder phase of the GO Bond process saw an additional 1,000+ emails from residents advocating for projects and each stakeholder committee meeting featured a public comment period.
Visit denvergov.org/2017GObond for more information about the bond process, projects and progress.