St. Louis (KSDK) - The Great Rivers Greenway District's board of directors voted unanimously to approve a key agreement related to the CityArchRiver 2015 project on Thursday.
The agreement assigns Great Rivers Greenway as a steward of any public funds that CityArchRiver would receive as a result of the passage of the Safe and Accessible Arch and Public Parks initiative.
"We're proud to take on this role as stewards of public funds . . . a role we're familiar with . . . and to represent the best interests of the public in this project, as we do in every project," said Susan Trautman, Executive Director of the district. "We intend to oversee these tax dollars with the same stringent standards we've been using for 12 years at Great Rivers Greenway."
Great Rivers Greenway was created in 2000 to promote clean air, safe parks, and community trails in the region.
It is funded by a sales tax, and prides itself on good stewardship of the public funds it receives.
The legislation, which should go before the St. Louis Board of Aldermen for discussion on Thursday, proposes a 3/16 of a cent sales tax to be levied regionally. The effort, which is expected to pass in April 2013, would result in taxpayers contributing less than two cents for every ten dollars in retail sales.
Forty percent of the funds received would go to regional parks, while the remaining sixty percent would be divided between Great Rivers Greenway and the CityArchRiver project.