Wilmington's mayor wants to borrow $43 million, to be paid back over 20 years, to improve parks, playgrounds, sidewalks, fire stations, sewer systems and other infrastructure -- a plan the city treasurer called "premature and risky."
Mayor Mike Purzycki's office announced on Tuesday that he plans to issue bonds next month which will fund dozens of government projects that were approved in the Fiscal Year 2016 capital budget. Purzycki wants Wilmington to borrow over $19 million for projects already approved in the general fund including new fire apparatus; building improvements to the city’s fire stations and police headquarters; park, playground and athletic field improvements; public art projects; street paving; and sidewalk and curb construction.