In 2013, the Charlotte City Council approved the Community Investment Plan (CIP), a comprehensive program for capital improvement projects across the city over the ensuing decade. The plan specified improvements to transportation corridors and neighborhoods and building workforce housing. Funding for the CIP comes primarily from issuing bonds with the approval of city voters. Four separate bond referenda totaling more than $800 million are to be put to a vote.
In 2014, city voters approved the first such funding package totaling $145.9 million for streets (70% approval), housing (63% approval) and neighborhood improvements (71% approval). In 2016, city voters approved the second funding package totaling $218 million for streets (77% approval), housing (70% approval) and neighborhood improvements (78% approval).
On November 6, voters will consider the third bond referendum to fund CIP, totaling $223 million. These funds will be used to:
- Upgrade and enhance streets, bridges, sidewalks and bikeways ($118 million)
- Build housing for low- to moderate-income individuals and families ($50 million)
- Improve infrastructure in the city’s older neighborhoods and emerging high-growth areas ($55 million)
To learn more about the city’s Community Investment Plan and transit planning efforts, please visit CharlotteFuture.com.
Learn more about the bonds on the ballot, click on the icons.