Sandusky needs $3 million loan for street repairs
Apr 1, 2013 at 10:30 AM
Sandusky’s top administrator has proposed adding another $3 million in debt to pave the city’s rockiest roads, which are infuriating drivers and hindering economic development.
Sandusky’s debt already totals $67 million, and any more red ink could impact long-term finances.
During a recent budget session, Ard asked commissioners to consider either a no- or low-interest loan to resurface at least eight bumpy streets.
“They’re all in need of reconstruction,” Ard said.
The city’s tight $16 million budget cannot support $3 million in additional road projects.
“We do not have additional revenue to support this capital project,” Ard said. “Ordinarily, I would not suggest additional debt, but we need to do something.”
The idea is merely a suggestion, and at least one commissioner is treating it as such.
“It’s still in the preliminary stage,” commissioner Wes Poole said. “I won’t give it more thought until it crystallizes more than something she thought about.”
Sandusky officials already outlined various road projects through 2015, including constructing the west-end overpass by Tiffin Avenue and Venice Road, bolstering the Camp Street underpass and resurfacing First Street from Cedar Point Drive to Meigs Street.
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