The Metro Council will get a chance to weigh in on Mayor Karl Dean's $100 million downtown flood protection system because the wrong type of bonds got assigned for the project.
Dean's administration, unveiling the plan Wednesday, pointed to the council's approval last spring of the 2015 Metro Water Services' Capital Improvement Budget as the project's funding source. That budget resolution, however, assigned the project to general obligation bonds when the intention is for revenue bonds to cover the cost...
...At-large Councilwoman Megan Barry, who is running for mayor, raised the bond oversight during an interview with The Tennessean Editorial Board on Thursday.
"Clearly, it's going to have to come back to the council in some form," Barry said, adding that she wants to see more information before she can say whether she supports the system. "Anytime you're going to have a $100 million investment, you need to have serious understanding exactly where that money is going and what the benefit is."