Hey there, time traveller!

This article was published 14/9/2014 (2198 days ago), so information in it may no longer be current.

Mayoral hopeful Robert-Falcon Ouellette says he has a $250-million plan to fix potholes and pave the worst streets in the city.

At an announcement today near broken pavement at Memorial Boulevard and York Avenue, Ouellette said he wants to fix roads with a fully funded plan.

"We need something beyond Band-aid solutions," he said. "We're not keeping up with our infrastructure."

Ouellette said his $250-million plan would be paid for by the city borrowing the entire amount with a 30-year bond — at an interest rate of about 2.7 per cent.

He said this means the city would have annual payments of about $12 million, which would be paid with his proposed land value tax on surface parking lots downtown. He has estimated the plan would raise $26 million.

Ouellette said he hopes to fix more roads and infrastructure if the province and federal governments add a combined $500 million.

"There's no guarantee they'll put the money in, but it's easier to get federal and provincial governments on board when the city has skin in the game," he said.

Kevin.rollason@freepress.mb.ca