Buffalo Grove invests $6 million in road improvements
It will cost $6 million, but Buffalo Grove has committed to improving 10 lane-miles of roads in the village.
On Aug. 6, the Village Board voted to issue a set of bonds to finance the $6 million street maintenance investment.
Village finance director Scott Anderson said it would be less expensive to handle the needs now than wait for further damage and the possibility of an increase in construction costs.
“The streets are aging,” he explained. “We’re starting to lose a little bit of our maintenance schedule.”
The board had been mulling the use of bonds through the summer. Anderson made a presentation to trustees during an April 30 meeting about the village’s options, including a needs assessment and time frames to address them.
The bonds are scheduled to be paid within 18 years.