Bid to put bond sale plan to voters gains

November 15, 1991|By Edward Gunts

Baltimore voters will be asked to approve municipal bond sales to fund up to $44 million worth of capital improvements, including $3.5 million for repairs to the National Aquarium and $8.4 million for the Port Covington business park, under a spending program approved yesterday by the city's Planning Commission.

The loan questions, if approved next November, would authorize the sale of municipal bonds to fund improvements for a two-year period, July 1, 1993 to July 1, 1995.

Under the spending plan, the bond issues would raise $1.5 million for neighborhood facilities; $2 million for asbestos removal in city buildings; $12 million to rehabilitate eight or more schools; $500,000 to repair the pool building at Riverside Park; and $3.5 million to cover the city's share of renovating the Atlantic coral reef and shark tanks at the National Aquarium, a $12 million project due to get under way in the fall of 1992.

The city also hopes to raise $12 million for community development, including commercial district and "approachway" improvements: $10.5 million for economic development, including $8.4 million to help complete infrastructure at Port Covington and other funds to help prepare the Memorial Stadium-Eastern High School areas for redevelopment; and $2 million for downtown development, including repairs to the broken escalators and fountains in Hopkins Plaza and Charles Center.

The spending plan must also be approved by the city's Board of Finance, Board of Estimates and City Council and the state legislature before it can be put on the 1992 ballot.

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