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Raleigh mayor says funding is tightening, urges state and federal help to finish major projects
Summary
The mayor told attendees the city is shifting from an "expansionary" funding period to a "contractionary" one and asked state and federal partners to help complete transportation, housing and water system projects; he cited rising land values, inflation and high subsidies for affordable units.
Mayor (name not provided) told attendees that Raleigh is moving “from expansionary to contractionary” funding and urged state and federal partners to help finish major infrastructure and housing projects. He spoke after an appearance at an NCDOT summit and a recent trip to Capitol Hill where he raised transportation and housing funding with members of the congressional delegation.
The mayor framed the shift in funding as the central challenge facing the council. He said, "We're now at a more contractionary period," and described efforts to keep projects such as the convention center expansion, Red Hat-related…
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