Senate Bonding Committee to Tour Twin Cities Suburbs
Committee members will tour projects from Dec. 1-3
ST. PAUL, Minn. – As the Minnesota Senate Capital Investment Committee is about to wrap up its final regional tour of the state, it turns its sights on the metro suburbs. The committee will be making numerous stops in the Twin Cities suburbs from Dec. 1-3.
The Dec. 1 tour will focus on the eastern suburbs, with stops at the Lino Lakes Correctional Facility, Cambridge, Chisago, White Bear Lake Public Schools, the Gateway Corridor and Century College.
The Dec. 2 tour will visit the southern Twin Cities suburbs, with tour stops at Fort Snelling, Minnesota Valley National Wildlife Refuge, several transit stations, Normandale Community College, the Minnesota Zoo, Hastings, and Inver Hills Community College.
The final tour day on Dec. 3 will focus on the north and west suburbs, with stops at the National Sports Center in Blaine, the Champlin Mill Pond, Anoka-Ramsey Community College, several rail grade crossings, Plymouth Ice Center, Golden Valley, St. Louis Park City Hall and Minneapolis Community and Technical College.
Sen. LeRoy Stumpf (DFL-Plummer), Chair of the Senate Capital Investment Committee says the committee tour bus has already traveled close to 2,500 miles this fall and has heard from more than 90 projects.
“The bonding tours offer the best and most fiscally responsible way for committee members to view bonding proposals and get a sense of the need in these communities we visit. There are more than $3 billion worth of bonding project requests, and so seeing these projects and deciphering where the need is greatest is essential to putting together a fair and equitable bonding bill,” said Sen. Stumpf.
Bonding is a process in which the state invests money into state-owned infrastructure projects. The state of Minnesota sells General Obligation (G.O.) bonds for the cost of capital projects with the approval of the legislature. The bonds are sold to investors who receive their money back, plus interest.
Visiting the Senate Capital Investment website Build.MN is the best way to view bonding proposals, see videos and photos from the tour, and read journal entries by senators about the tour and projects. You can also follow along by visiting the committee’s following social media pages:
- Twitter: twitter.com/MNSenCapInvest
- Facebook: facebook.com/mnsencapinvest
- Instagram: Search for ‘BuildMN’
- Use the hashtag #BuildMN
To view the full suburban bonding tour schedule, visit: http://build.mn/events/