Las Vegas Sun

November 12, 2009

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First bonds to be issued for parks

Friday, May 9, 2003 | 9:24 a.m.

SUN CAPITAL BUREAU

CARSON CITY -- Voters last November approved a $200 million proposal for new parks and recreational facilities, and the first bonds will be issued next month.

The Legislative Interim Finance Committee Thursday authorized the sale of $6 million in bonds with the money to support the construction of trails, acquisition of land for urban parks and the development of habitats for wildlife.

The Division of State Lands said it will be able to approve grants to local governments and nonprofit agencies for these projects in the fall.

The issuance of the bonds will mean an additional one cent on the property tax rate.

The distribution of the money calls for $25 million for planning and developing the Las Vegas Springs Preserve, and providing wildlife habitat and work at the Las Vegas Wash. It includes $35 million for building a museum at the Las Vegas Springs Preserve.

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