$14 million proposed for Road Project
The bond referendum for roads would provide $14 million toward improvements to a 1.9-mile section of Richmond-Henrico Turnpike, near Richmond International Raceway.
The $41 million project also would be supported with state and federal transportation funds.
In addition to widening the pavement, the project will provide a divided road with a multiuse trail for bicyclists and pedestrians on one side and a sidewalk on the other. The improvements are designed to improve safety and capacity as well as promote economic development in the area.
Shall Henrico County, Virginia, be authorized to contract a debt and issue its general obligation bonds in the maximum aggregate principal amount of $14,000,000 pursuant to the Public Finance Act of 1991 to finance various road and sidewalk projects including the acquisition of land necessary for such projects?