Miami Beach Wastes No Time in Implementing G.O. Bond Projects
(Miami Beach, FL) May 6, 2019 -
On the heels of a successful trip to Wall Street last month, selling the first tranche of general obligation (G.O.) bonds for a better rate than estimated, the City of Miami Beach will celebrate the launch of its $439 million G.O. Bond Program on Friday, May 10 at 2 p.m. Join the Mayor & Commission at Meridian Avenue and 14 Place as they break ground on the first two G.O. bond construction projects – Street Pavements and Sidewalk Improvements. These projects will smooth and repair walkways and roadways citywide to improve safety and mobility for pedestrians, cyclists and drivers.
“I’m excited to share that only six months after overwhelming voter support for these bonds, shovels will be in the ground in record time,” said Mayor Dan Gelber. “This project is the beginning of greatly enhancing, beautifying and protecting our city further.”
The Mayor and the City Commission will inaugurate the project as construction crews start their work down Meridian Avenue and continue into Normandy Isle South and Allison Island North. The projects will take place in phases, with streets and sidewalks in the worst conditions scheduled for restoration first. This first portion of construction on Meridian Avenue is expected to be completed within six weeks.
There are other non-construction G.O. Bond projects currently underway, such as the installation of crime-stopping license plate readers in 26 strategic locations across the city and the replacement of the outdated public safety radio system that is used by first responders.
The groundbreaking marks a major milestone for residents who voted to approve the $439 million G.O. Bond Program in November 2018. The overall general obligation program will bring major improvements citywide to parks and recreation facilities; neighborhoods and infrastructure; and public safety resources with 57 separate projects scheduled to be completed over the course of the next 10 to 12 years.
For more information on the G.O. Bond Program, visit www.gomb2018.com.