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Council moves Accelerate Memphis funds to parks, restores Chelsea Green Line to CIP after debate
Summary
Council committees voted to reallocate Accelerate Memphis bond proceeds toward parks and citywide projects and to restore Chelsea Green Line funding into CIP while pressing administration for legal confirmation of a spend deadline and monthly execution updates.
Memphis — Facing a federal timing requirement tied to Accelerate Memphis bond proceeds, City Council members on Dec. 16 approved a package of transfers to spend down remaining bond dollars and keep priority projects moving, while asking the administration for legal confirmation of deadlines and regular progress checks.
John Zena, chief of Development and Infrastructure, told the Budget Committee that Accelerate Memphis funds — originally issued in 2021 — must be spent within a five‑year IRS window (the end of the fifth anniversary). The administration said 94% of the program is either spent or committed in Q1 but warned that several line items, including Oak Haven sidewalks and…
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