Wednesday, December 24, 2008
Affordable housing, school repairs and road construction projects in Monterey County may be delayed or stopped altogether as the state sinks deeper into debt by the second.
Last week, state officials froze financing on 2,000 public works projects – from levees to hospitals, prisons and schools – as lawmakers failed to close a massive budget gap, projected to reach $41.8 billion by 2010.
The Pooled Money Investment Board’s vote to stop $3.8 billion in state infrastructure funds over the next six months means several local school districts, community groups and housing developments and other projects may stall as construction money runs dry.
“I’m very concerned about losing some of our transportation projects and also other infrastructure projects on the Central Coast,” says Sen. Abel Maldonado (R-Santa Maria).
Monterey County projects that may lose state funding include:
• Salinas Road interchange at Highway 1: $37,061,000.
• Segments of the Carmel River Parkway including the Moo Land project, Palo Corona project and South Bank Trail project: $230,160.
• Salinas Valley State Prison’s 64-bed mental health facility: $29,509,000.
• Community organizations: Salvation Army: $937,930; Shelter Outreach Plus: $867,990.
• Affordable housing: University Village apartments in Marina: $6,825,850; Benito Street Affordable Housing Community in Soledad: $7,666,096; Tynan Village Apartments in Salinas: $4,700,982; Salinas Gateway Apartments: $6,712,894; Valley View Subdivision in San Lucas: $800,000; Vineyard Green Townhomes in Greenfield: 1,000,000; Mills Ranch Apartments in King City: $1,000,000.
• School districts: Gonzales Unified: $1,500,000; Salinas Union High: $1,062,022; Alisal Union Elementary: 1,483,630; Bradley Union Elementary: 291,492; Carmel Unified: $1,031,247; King City Join Union High: $3,000,000; Mission Union Elementary: $531,368; Monterey County Office of Education: $175,229; Salinas Union High: $168,964.