Capital improvement projects vary widely, so some may require years of planning prior to construction, and others may be completed in a shorter timeframe. Prior to construction, some projects may entail acquisition of land, which may involve complex negotiations.
In some cases, voter-approved bonds are intended to pay only for initial phases of a project, such as preliminary engineering or design, rather than the entire project from start to finish. By allocating funding to the early phases of a project, it enables the project to be eligible for future funding opportunities including federal grants, state grants, or other grants or partnerships while freeing up resources for other projects to move forward as well.
