Raleigh To Debate New Water Users, Mall Parking Deck Financing
Posted July 11, 2006 11:45 a.m. EDT
RALEIGH, N.C. — Today, Raleigh city council members are set to talk about a controversial parking plan and whether to allow more cities to connect to Raleigh's water supply.
Developer John Kane wants Raleigh and Wake County to issue $75 million in bonds for a parking deck to support his North Hills expansion.
Raleigh city manager Russell Allen says using public money for a private project paves the way for other developers to seek city dollars.
Raleigh city leaders will also vote to decide whether thousands of new customers should tap into Raleigh's water supply.
Zebulon and Wendell are ready to merge with Raleigh's water system, and four other towns already joined with Raleigh's system.
Long-term, customers in smaller towns will see a decrease in rates, but some council members think Raleigh is spreading itself too thin.