San Antonio Assistant City Engineer Luis Maltos recently addressed the city’s proposed $850 million bond program at the San Antonio Chamber’s Transportation Committee meeting.
Maltos delved into the city’s proposed 2017 bond program, which includes six propositions slated to be on the ballot in May.
According to Maltos, 70 percent of the bond money would be directed toward street and drainage infrastructure with 64 projects for streets, bridges and sidewalk improvements. Building and reconstruction of streets in San Antonio will be earmarked for $4.4 billion of the bond funds, which is considered a priority by the city that's anticipating 1.5 million new residents by 2040.
Bond money will also be used for construction of 2,155 miles of sidewalks estimated to cost $1 billion and for 116 flood control projects, parks and recreation as well as improvements for open spaces. In addition, library, cultural facility, neighborhood and public safety facility improvements are included in the proposed funding.
The San Antonio Chamber’s Board of Directors is in support of the proposed bond program, stating the program is critical for the community to be able to compete economically in the future.