11/08/2024 | News release | Distributed by Public on 11/08/2024 10:54
The Main Street Corridor Project is a much-needed upgrade of our utilities and street infrastructure. Our underground water mains are in rough shape, and there are new design enhancements to the street and sidewalks that can benefit our community and downtown businesses. To get the most done with the least disruption, the City of Lewiston would like to address both the underground and above-ground needs at the same time.
The City Council has already reserved transportation funds to make payments on a bond for the project's cost. As a result, the project will be able to be paid without any increase in local taxes. However, in order to complete the project in a timely manner, the city will need to take on a municipal bond (similar to a construction loan) that will be paid back within the existing budget.
A bond for this project requires approval from the voters of Lewiston. This will enable the city to get shovels in the ground promptly and complete the project over a shorter period of time, rather than stretching it over twenty years, reducing the impact on businesses and citizens. The general obligation bond will be on the ballot in the Spring of 2025.