Council Approves Bond Issue

Oct 24th, 2007

The Mobile City Council approved Mayor Jones’s $61 million bond issue on Tuesday, October 23. The bond issue includes money for the ThyssenKrupp plant, a Police and Fire station in the newly annexed area in west Mobile, a new radio system for the police and fire departments, a landmark Mardi Gras park in downtown Mobile on the grounds of the former county courthouse, and several drainage and road projects.

“This bond issues will give us the opportunity to fulfill the promises we have made to the citizens of Mobile,” says Mayor Jones. “These projects throughout the city are very much needed. A bond issue is best way to go about bringing them to fruition.”

Here’s a breakdown of some of the projects:

• ThyssenKrupp incentives – $33.5 million
• Police and Fire Station – $7 million
• New Emergency Radio System – $6.5 million
• Road/Drainage Projects – $4.4 million
• New Park in Annexed Area – $1.3 million
• Downtown Mardi Gras – $1.2 million