GREENVILLE —
The Greenville City Council is scheduled to sell $5.89 million in bonds Tuesday, to pay for two major road projects.
The money will be used to pay for improvements to Traders Road and the construction of the Monty Stratton Parkway.
The Council intends to vote on the issue during Tuesday’s regular session, starting at 6 p.m. in the Municipal Building, 2821 Washington Street.
A work session is also set for 5 p.m. Tuesday.
The vote may not be unanimous, as Council member Dan Perkins has said he would prefer the money designated for the Monty Stratton project instead be used to build a new Fire Station No. 1, to replace the existing structure which is in bad shape.
Council member Dan Perkins agreed Monty Stratton Parkway should be built someday, just not today.
Traders Road, which runs between Jack Finney Boulevard/FM 1570 and Wesley Street/State Highway 34 has never been upgraded from its originally paved condition.
The improvement plan is calling for one 12-foot wide lane in either direction and a 10-foot improved shoulder on either side, costing approximately $3 million.
There had been plans to build three lanes of Monty Stratton Parkway between the connection with Interstate 30 and Lions Lair Road, where it will also meet up with Greenville High School and the campus of Paris Junior College, but the plans have been scaled back.
The project now calls for two lanes, a raised median and open ditches on either side of the road.
The selling of the bonds is not expected to have an impact on the city’s debt service tax rate.
Local News
Council to sell $5.89 million in bonds for road projects
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