Phoenix mayor asks feds for millions of dollars to help city
[Source: ABC News 15] — Phoenix Mayor Phil Gordon is looking for federal dollars. The mayor is in Washington pressing the Obama Administration and Congress for millions of dollars to help the city build sewers, bridges, schools, and other capital projects.
Gordon said he will pitch projects costing between $2 million and $300 million. He wants the money for 20 to 30 years with payments deferred for the first ten years. If Phoenix fails to pay it back, Gordon said the city will forgo future federal funding. Gordon reasons if the federal government can bail out banks and the auto industry, why not U.S. cities? [Note: To read the full article, visit Phoenix mayor asks feds for millions of dollars to help city.]