Ballot Measure 2C: Denver Transportation and Mobility System Bonds

 

SHALL THE CITY AND COUNTY OF DENVER DEBT BE INCREASED $63,320,000, WITH A MAXIMUM REPAYMENT COST OF $109,048,000, WITH NO EXPECTED INCREASE IN THE CITY’S CURRENT RATE OF TAXATION FOR GENERAL OBLIGATION DEBT SERVICE BASED ON THE CITY’S PROJECTED ASSESSED VALUE, THE PROCEEDS THEREOF TO BE USED FOR REPAIRS AND IMPROVEMENTS TO THE DENVER TRANSPORTATION AND MOBILITY SYSTEM, WHICH MAY INCLUDE BUT ARE NOT LIMITED TO:

• EXPANDING DENVER’S SIDEWALK NETWORK BY FILLING SIDEWALK COVERAGE GAPS; AND

• IMPROVING BICYCLE SAFETY AND MOBILITY BY RENOVATING EXISTING BIKE LANES AND CREATING NEW PROTECTED BIKE LANES AND NEIGHBORHOOD BIKEWAY LANES; AND

• IMPROVING PEDESTRIAN AND BICYCLE SAFETY BY INSTALLING ENHANCED CROSSWALKS, ADDING MEDIANS, IMPROVING AND INSTALLING NEW TRAFFIC SIGNALS, AND OTHER MOBILITY INFRASTRUCTURE IMPROVEMENTS; AND

• RECONSTRUCTING SECTIONS OF THE MORRISON ROAD CORRIDOR TO CREATE A CULTURAL AND ARTS DISTRICT; AND

• CONSTRUCTING A SEGMENT OF AN URBAN TRAIL AND PEDESTRIAN WALKWAY IN DOWNTOWN DENVER;

BY THE ISSUANCE AND PAYMENT OF GENERAL OBLIGATION BONDS, NOTES, LOAN AGREEMENTS OR OTHER MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS, WHICH SHALL BE ISSUED OR INCURRED IN SUCH MANNER AND CONTAINING SUCH TERMS NOT INCONSISTENT HEREWITH AS THE CITY MAY DETERMINE (THE EXPENDITURE OF THE PROCEEDS THEREOF TO BE PUBLICLY REPORTED BY THE CITY ON AN ANNUAL BASIS); AND SHALL CITY AD VALOREM PROPERTY TAXES BE INCREASED WITHOUT LIMITATION AS TO RATE BUT BY NOT MORE THAN A MAXIMUM AMOUNT OF $11,716,000 ANNUALLY IN AMOUNTS SUFFICIENT TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH FINANCIAL OBLIGATIONS OR TO CREATE A RESERVE FOR SAME; AND SHALL THE CITY BE AUTHORIZED TO ISSUE FINANCIAL OBLIGATIONS TO REFUND OR REFINANCE SUCH FINANCIAL OBLIGATIONS AUTHORIZED IN THIS QUESTION, PROVIDED THAT SUCH REFUNDING FINANCIAL OBLIGATIONS WHEN COMBINED WITH OTHER OUTSTANDING FINANCIAL OBLIGATIONS AUTHORIZED IN THIS QUESTION DO NOT EXCEED THE MAXIMUM PRINCIPAL LIMITS OR REPAYMENT COSTS AUTHORIZED BY THIS QUESTION?

Comments For and Against

Summary of Comments FOR

Denver 2A through 2E will deliver infrastructure improvements that power our economic recovery and help the people who need it the most. Vote yes on 2A through 2E to create good paying jobs, provide shelter for people experiencing homelessness, and invest in historically underserved neighborhoods.

And we can do all of this while keeping your tax rates the same.

Measures 2A through 2E will address critical issues facing Denver and help get the city back to work. The ballot measures will fund 88 specific projects that target the most pressing concerns of Denver residents in the neighborhoods that need it most, as identified through a public input process that engaged thousands of Denver residents. By funding these projects, 2A-2E will create more than $1 billion of economic impact and 7,500 jobs and will save taxpayer money by repairing and improving Denver’s infrastructure before it breaks.

Measure 2C will address improvements to the city’s transportation and mobility network to help reach the objectives of Vision Zero. Measure 2C will:

• Build out Denver’s bicycle infrastructure in Globeville-Elyria-Swansea, South, and Central Denver neighborhoods to provide a more comfortable and safe experience for cyclists. Much of this new construction is in traditionally underserved neighborhoods.

• Address sidewalk construction, pedestrian, and transportation safety throughout the city. Denver currently has 300 miles of sidewalk gaps that 2C will address across the city with an emphasis on underserved neighborhoods. Similarly, 2C will improve access to public transportation, comfort and accessibility for pedestrians and cyclists, and improve intersections, signalized crossings, and safe routes to school.

• Fund the reconstruction of Morrison Road and multi-modal improvements along Peoria. These improvements will improve access to commercial and residential spaces for residents and workers, which will in turn increase economic output in these communities.

• Spur the development of the 5280 Urban Trail in the heart of Denver. The trail will provide residents and visitors alike a unique, accessible path through the many different neighborhoods in downtown Denver, creating a space for small businesses, local artists, and more to help link Denver’s urban life with its outdoor culture.

Measures 2A-2E are a result of input from residents across Denver, reflecting the need to address critical issues, create a more equitable city, and jumpstart the economy, all without raising taxes.

Summary of Comments AGAINST

The main objection to the issue is that the present Department of Transportation and Infrastructure is spending money to provide services as they wish them to be, not as they are needed. A good example of this is the proliferation of bike lanes where people do not bicycle. This is best seen in the bike lanes that are along South Broadway. A recent study shows that .02% of the traveling public uses the lanes while the remaining users of the corridor, that is 99.98%, are privately owned vehicles, RTD riders, and commercial vehicles. The bike lanes obstruct the use of 99.98% of the public to serve a very small minority.

Secondly, the repair of expansion of Denver’s sidewalks has been a complete failure and is already years and years behind schedule. This money, $63,000,000, will be further tax dollars down the drain.

Until Denver gets the homeless issue under control, spending further tax dollars for any downtown venue will be money wasted.