Community & Economic Development Bonds

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Overview

2016 Bond Tracker

In October 2016, Greensboro voters approved the City to borrow up to $38.5 million for economic and community development projects. Bond funds will be used to buy, build, improve or otherwise equip urban renewal and community development projects. The programs funded are meant to induce redevelopment, increase employment and economic development, prevent crime, and preserve older neighborhoods.

Check the status of these project on the 2016 Bond Tracker.

Bond Projects:

  • South Elm Redevelopment (Union Square) (Districts 1 and 2): Community Development Bond 2$4,500,000
    • Spring 2018 - $1 Million streetscape and infrastructure
    • Fall 2018 - $1 to 2 Million support for mixed income/use development
    • 2020 - $1.5 to 2.5 Million support for development along Eugene Street
  • MLK North Initiative of Ole Asheboro (District 2): $2,000,000
    • Winter 2018 - $600,000-800,000 complete and install Downtown Greenway
    • Spring 2018 - $20,000 outreach for developers for A-1,2,3,4.
    • 2020 - $1 Million support for Ole Asheboro and public projects
  • Single Family Lot Initiatives of Ole Asheboro (Districts 1 and 2): $1,000,000
    • Winter 2018 - develop support materials for developers of Ole Asheboro
    • Spring 2018 - $900,000 for construction on city-owned lots
    • 2020 - $100,000 continued efforts for construction and program costs
  • Downtown Streetscape Improvements (Districts 2, 3 and 4): $25,000,000
    • Underway - Design process started with kickoff in February 2018.
    • $25 Million to design and construct public space components in downtown.
  • East Greensboro Focus Area Implementation (Districts 1, 2 and 5): $2,000,000
    • 2017 - $700,000 Gateway University Research Park
    • Winter 2018 - $30,000 develop program, standards, prioritize locations
    • 2018-19 - $150,000-400,000 design complete shovel ready projects
    • 2022 - $1.5 Million project implementation with targeted outreach
  • Small Infill Development Program (All Districts): $4,000,000
    • Spring 2018 - $30,000 finalize program elements, standards, locations
    • Fall 2018 - $20,000-50,000 outreach for infill developers
    • 2022 - $3.9 Million program implementation

Community Development bond 1