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Longtime resident recounts buying city "RIBs," suggests reviving direct public financing tool
3573383 · February 19, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
A resident told the council about purchasing revenue improvement bonds (RIBs) in 1986 to help finance a downtown parking garage and suggested the city consider a similar tool to fund targeted local projects outside bond election cycles.
Dan Hayes, who said he worked as a vendor maintaining city mainframe equipment in the 1980s, told the Feb. 18 public comment session about a past Fort Worth program that sold revenue improvement bonds (referred to in the remarks as…
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