By Terrance Thornton | Scottsdale Independent
Its name is bond — Scottsdale general obligation bond.
Scottsdale City Council appears poised to pursue a $350 million general obligation bond measure next election day — Tuesday, Nov. 6 — on the heels of an hours-long discussion earlier this week. The pursuit, city officials say, is a culmination of understanding the dire straits of local infrastructure in certain pockets of the municipality.
There are 118 Scottsdale infrastructure projects city leaders have identified carrying an estimated cost of $810 million, but elected leaders readily admit municipal needs exceed existing funding sources and mechanisms.
