Cary Town Council Debates $149 Million Bond
Posted December 9, 1998 6:00 a.m. EST
CARY — The more the Triangle grows, the more resources it needs. Cary is a prime example of a city that has led the rest of the Triangle in growth. Now, the rest of the Triangle is looking to see how Cary handles its growing pains.
One of the items on the agenda at Thursday night's Cary town meeting was a public hearing regarding a bond referendum.
The referendum is one of the largest bonds ever floated by a town in the state. Many wonder, does the town really need a $149 million bond?
One of North Carolina's fastest-growing towns is having a hard time catching up with its building boom.
Cary residents have complained they need better roads, parks and a more reliable water supply.
"When my wife and I married in 1954, the population of Cary was 2,100. It's now in the area of 88,000 or 90,000 I guess. It's phenomenal growth," said resident E.W. Sauls.
Now home owners have a chance to get some of the things on their wish list. But it is going to cost them in the form a $149 million bond issue.
"I guess I'd be in favor of a bond. We're the ones that are using it, and we're the ones that should pay for it," said resident Lisa Walls.
The town insists the bond improvements are strictly to catch up with the growth that has already taken place. And that's critical to many residents who do not want to financeadditionalgrowth in Cary.
Some of the elements in the bond package include doubling the capacity of the water plant that Cary shares with Apex. Also, there would be a great deal of road building or road widening.
Some of the roads are state-maintained, but Cary residents have said they want to spend the money first on these roads because they do not want the state to have to do it.
There could be a vote on the referendum in February.