The 2017 bond program is scheduled to be completed by September 2023. A presentation of the 2024 proposed bond was given during the Aug. 17 city council meeting. According to Adriana Castaneda, director of Bond and Construction Management for Dallas, the 2024 bond would include 11 proposals totaling $1 billion.
The total price of the bond program is subject to public feedback and city recommendations. The majority of bond funding is expected to be used for street and transportation improvements, according to Castaneda.
A $325 million proposal for street improvements that include alley reconstruction and bridge repairs is a large part of the measure. It also includes over $100 million for transportation improvements which would include upgrades to traffic signals.
City officials said a $150 million proposal in the bond will be used to invest in housing infrastructure. According to the proposed bond, housing infrastructure includes streets, traffic and storm drainage improvement to promote housing opportunities in areas of need.
This proposal is part of a city goal to invest $300 million in housing infrastructure over the next 10 years. The bond plans to have a $234 million proposal to renovate parks and recreation facilities. A nearly $44 million bond proposal is also included to help mitigate storm drainage concerns.
Castaneda said the proposed bond would provide $85 million toward renovation of city facilities. This includes over $30 million for public safety facilities, $15 million for library facilities, $15 million for cultural arts facilities and $25 million for other city facilities. City officials said it also wants to set aside nearly $50 million for economic development and $10 million for homelessness programs.
The city of Dallas is currently accepting public feedback on bond proposals and what areas need repairs the most. A 15-member citizens bond task force is expected to be appointed by next summer to help develop proposals along with a number of sub-committees. A second round of public input is expected to be collected in early 2024 ahead of the May election.
The 2024 bond presentation and city council discussion can be viewed here.
