Tempe mulls bond election for dam replacements
Jun 3, 2012, 10:07 AM | Updated: Jun 4, 2012, 10:34 pm
TEMPE, Ariz. — Tempe is mulling a $10.5 million bond election to help pay to
replace the rubber dams at Tempe Town Lake.
The East Valley Tribune
reports that the city council will move toward having the election while
recognizing that the lake needs other improvements with unknown costs.
Tempe also could find other funds that make the bond unnecessary.
The city estimates that $37.5 million is needed to replace the four rubber
bladders on the lake’s west end by December 2015 — $4 million more than
previously estimated.
The city has until July to call the election.
Tempe Mayor Hugh Hallman says the city needs to have the bond package as
an option even as it explores grants or raising funds by selling or leasing
property near the lake.
Copyright 2012 The Associated Press.
