$1.1B in bonds approved by Wake County voters

North Carolina– Wake County voters approved more than $1.1 billion in bonds for new school construction and park projects. County officials stated that the new bonds will help the county with more economic development opportunities and make the area a greater attraction for businesses. Broken down, $548 million will be used for the Wake County school system on new construction projects, including seven new schools, 11 major renovations and upgrades to security and computers. Voters could be asked to decide on another school bond referendum as soon as 2020 since county leaders opted to go with two smaller referenda rather than one large one this year.

 

Another $349.1 million will be used to construct new buildings and provide repairs and accessibility upgrades for Wake Technical Community College. Some of those new buildings include a health science building, a public safety simulation building, an auto and collision repair facility and a 1,200-space parking garage for its Research Triangle Park campus. Additionally, $120 million in bond money was approved for parks, open space and recreation construction in the county. The parks bond would go toward acquiring 1,800 acres for future parks and open space, building 15 miles of greenways and renovating existing parks. Those renovations could range from small projects like adding new benches to larger projects like adding a nature or education center.

City of Port St. Lucie has new ideas for 1,161-acres of land

Florida- The city of Port St. Lucie is developing a new master plan for the city-owned Tradition Center of Commerce. Experts are examining how the 1,161-acre Tradition Jobs Corridor along Interstate 95 can thrive. This process will involve looking at the existing 6-year-old development plans. The original plan for this area was a 3.7 million-square-foot mall, but with online shopping on the rise, this idea is being called an archaic vision.

The city community redevelopment director envisions a new plan, with an emphasis on small scale retail shopping with a boutique-like feel. The city is also seeking a private partner to develop a recreational complex in the Tradition Jobs Corridor. Officials are slated to make a recommendation regarding other plans to develop 4.5 million square feet of industrial space, 2.5 million square feet of research-and-office space and another 2.4 million square feet of office space in the area in order to achieve the best value.

New York launches ShareNYC to encourage affordable co-living projects

New York– New York City’s Department of Housing Preservation and Development has launched a pilot program, titled ShareNYC, that will encourage the development of affordable co-living projects with the help of city funds. The program will seek proposals for private development sites, and particularly favor those that offer units for very low-income New Yorkers. Most of the co-living units will have bedrooms that range in size from 150 to 400 square feet, both private and shared bathrooms, and a shared living room and kitchen. The city will also entertain proposals that have a mix of affordable and market-rate units.

 

The city’s pilot program includes a request for information (RFI) and/or expressions of interest (RFEI) where developers will be asked to outline how they plan to design, build and manage these co-living spaces. The city has set a deadline of March 14, 2019 for the proposals and is hosting a conference on Nov. 30 this year for applicants to get more information on the pilot program. The new apartments will be part of the city’s Affordable Housing 2.0 agenda to create and preserve 300,000 affordable homes in the city by 2026.

Capital Metro could issue proposals for speedier technology

Capital Metro officials in Austin are considering issuing two requests for proposals early next year for new ticket vending machines and for a consultant to study its fare system. The goal is to speed up the loading of passengers and reduce the use of cash. New technology is needed as existing ticket vending machines are unable to accept credit cards due to new chip technology and should be replaced with newer technology such as reloadable smart cards, according to Reinet Marneweck, the chief financial officer for the transit agency.

Passengers now use outdated magnetic stripe cards that are purchased for daily, weekly and monthly passes that would gradually be replaced by the new smart cards. The agency currently spends about $3.1 million annually to collect about $24 million in fares. Agency officials are also considering offering passes at more retail locations and to purchase mobile passes at retail locations to reduce the use of cash. Other plans include the addition of onboard fare validator boxes on each bus instead of only on MetroRapid buses.