A revenue bond for as much as $185 million to fix up city parks is being proposed for the February 2008 ballot, and is supported by Mayor Gavin Newsom.
The Open Space and Recreation general obligation bond was introduced Tuesday to the Board of Supervisors. The list of the specific projects that would be funded is expected to be hashed out within the next 30 days by stakeholders.
The bond would help fund initiatives outlined in The City’s 10-year capital plan, created about a year ago.
Money would fund park facilities such as upgrading restrooms and recreation centers, building new playgrounds and creating open space.
A portion of the funding, about $35 million, would be earmarked for port property needs.
The Recreation and Park Department has an estimated capital need in deferred maintenance totaling $1.7 billion. The bond would require a two-thirds vote for passage.
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