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University Park officials say stormwater fixes will require bonds after $75 million estimate
Summary
City leaders described aging stormwater infrastructure and a multi‑phase plan that will require issuing bonds to pay for underground detention and other work; initial borrowing of about $15 million at low interest was cited as already in place.
Mayor Tommy Stewart and city staff told residents the city faces a large, costly stormwater problem that will take multi‑phase construction and external financing to address.
Mayor Tommy Stewart emphasized the scale of the challenge, showing a construction image that contrasted the city's 1930s 60‑inch concrete pipe with modern detention boxes. "Those 2 boxes are both 7 feet wide by 8 feet deep," Stewart said, describing the larger capacity the city is adding to replace the old pipe. He said the most recent estimate to…
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