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Cary Voters Approve General Obligation Bonds

Post Date:10/09/2019 11:03 AM
  • Preliminary results indicate the $112 million Parks bond passed with 77 percent of the vote, while the $113 million Transportation bond passed with 80 percent of the vote.
  • The two bonds will fund phase 2 of the Downtown Park, new parks in western and southern Cary, road resurfacing, intersection improvements, and more.
  • The election results will be officially certified by both the Wake and Chatham Board of Elections on October 18, and will be finalized in late December.

Cary, N.C.– On October 8, Cary voters passed two general obligation bond initiatives, collectively known as the Shaping Cary’s Tomorrow Bond Referendum. Unofficial results are that the Parks Bond passed with 77 percent of the vote and the Transportation Bond passed with 80 percent of the vote.

Proposed by the Cary Town Council, voters approved the sale of $225 million in general obligation bonds, broken down as follows:

  • Financing up to $112 million for parks projects
  • Financing up to $113 million for transportation projects 

The Parks bond included $112 million for new parks, including Phase 2 of the Downtown Park, two new parks in western Cary and two in southern Cary, playground upgrades, historic properties preservation, and open space preservation.

The Transportation Bond will finance projects up to $113 million for resurfacing, intersection improvements, streetscape improvements, new traffic signals, sidewalks, and road widening.

“By approving the Shaping Cary’s Tomorrow bonds, the citizens of Cary have once again made their voices heard by voting to finance projects that will move our town forward,” said Sean Stegall, Town Manager. “The projects included in these bonds were identified as priorities by citizens during the development of the Imagine Cary Community Plan. This vote confirms that our citizens are committed to realizing the goals of this plan.”

The election results will be certified by both the Wake and Chatham Board of Elections on October 18. During the November 21 Council meeting, Cary Town Council will take formal action to declare the results of the referenda. After a 30-day public notice of Council certification, the results will be final in late December.

Primary Contact

Jennifer Warner, Senior Marketing Manager, (919) 462-3960

Resources

Shaping Cary’s Tomorrow Bonds

2019 General Obligation Bond Referendum

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