Feb 17, 2016 11:30 AM
Peirce Island upgrade plan to get public hearing in Portsmouth
The Associated Press
PORTSMOUTH (AP) — The Portsmouth City Council has passed the first reading of a request to borrow $75 million toward a plan to upgrade the existing Peirce Island wastewater plant.
The Portsmouth Herald reports the council voted to pass the reading on Tuesday. A second reading and a public hearing on the project will be held at a meeting on March 7.
Officials say the city is trying to get the $75 million authorization to pay for the plant out of the state's revolving fund loan program, which would be a 20-year term at 2.5 percent.
The total cost of the plant upgrade is about $84 million. Councilors previously voted to spend $10 million toward the design.
It will be the biggest capital project in the city's history if it's approved.