City unveils its wish list for future capital projects

VIRGINIA BEACH — In a joint-meeting Tuesday, Virginia Beach City Council and School Board unveiled the city’s capital improvement program proposals for 2019-2024.

Here are some of the most important things to know about this year’s proposed CIP:

1. The recommended CIP proposed by City Manager David Hansen and Director of Budget and Management Services David Bradley is nearly $400 million for 2019-2020. The majority of that spending — more than $230 million — is devoted to economic and tourism development, building construction, and roadways.

2. More than $47 million in capital improvement funds is proposed for public schools in the 2019-2020 CIP budget. CIP outlooks for the 2019-2024 school years total $378.7 million, with $102 million already allocated.

Related story: Proposed tax and fee increases in Virginia Beach eliminated under ‘alternative budget’

3. Projects for the city’s roadways, stormwater infrastructure, and schools total $859 million of the $3.2 billion in the 2019-2024 CIP. More of the $200 million of the school’s CIP is slated to be financed through bonds. Bradley touched on the city’s borrowing capacity, and said the city’s amount of debt per person in the city is below standard debt thresholds.

4. Major stormwater CIP projects for 2019-2024 includes the Princess Anne Plaza Drainage Area project, at a cost of $27 million; Eastern Shore Drive Drainage Phase I, at a cost of $42 million; and a lake management project to design, construct, and maintain stormwater lakes throughout the city at a proposed cost of $29.7 million.

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5. A $47.5 million CIP for the replacement of the City Hall building is proposed for 2019-2020. According to Bradley’s presentation, City Hall “is outdated and has serious deficiencies,” and a replacement building “will nearly double the size of the current building.”

There will be briefings on the city’s proposed CIP over the coming months, with Hansen’s proposed budget presentation slated for March 26.

Follow Joshua on Twitter @WeinsteinReport or email him at Joshua@localvoicemedia.com

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