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Arlington County board signs off on long-range capital plan

The Arlington County, Va., board recently approved a 10-year, $2.4 billion capital improvement program (CIP) to reinvest in aging infrastructure and fund strategic transportation initiatives.

Among the projects included: Columbia Pike and Route 1 streetcars, which will be funded through state and federal grants, commercial real estate taxes and tax increment financing.

The board previously approved six-year CIPs. The longer-range capital plan will enable the county to better plan and finance multi-year projects and associated lifecycle costs, according to a press release. The 10-year plan includes $37 million more for Washington Metropolitan Area Transit Authority (WMATA) services than the previous FY2013-18 CIP.

The CIP is funded largely through general obligation bonds, which are approved by voters. At its meeting last week, the board also signed off on a 2012 bond referenda, which will appear on the Nov. 6 ballot. The measure seeks support for $153 million in bonds, including $1.9 million for WMATA capital improvements and other transportation upgrades.

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More News from 7/24/2012