News Center

March 5th, 2009

Culver to Rollout $750 Million Dollar Bonding Plan Next Week

More articles by »
Written by: Craig Robinson
Tags: ,

At a town-hall meeting at the Old Capitol in Iowa City, Chet Culver announced that he would be rolling out a $750 million bonding proposal next week.

Culver said the $750 million is needed to help rebuild Iowa and would be targeted for use in the most distressed areas of the state. While details of his proposal are not yet known, he did say that $250 million would go towards road and bridges, and $170 million would go to previously committed projects.

The other $330 million would be used on projects like Hancher Auditorium, which Culver wants to become “the best auditorium in the nation.”

Culver plans to pay for his bonding proposal with $50 million of gambling revenues for the next 20 years. According to Culver, Iowa receives $600 million in gambling revenues each year. He stated that Iowa is currently ranked 48th in the nation when it comes to debt load, and if we tripled our current debt load, that ranking would remain unchanged.

Culver justified this move away from pay-as-you-go infrastructure funding by saying, “cities and counties bond all the time.”

About the Author

Craig Robinson
Craig Robinson is the founder and editor-in-chief of, a political news and commentary site he launched in March of 2009. Robinson’s political analysis is respected across party lines, which has allowed him to build a good rapport with journalist across the country. Robinson has also been featured on Iowa Public Television’s Iowa Press, ABC’s This Week, and other local television and radio programs. Campaign’s & Elections Magazine recognized Robinson as one of the top influencers of the 2012 Iowa Caucuses. A 2013 Politico article sited Robinson and as the “premier example” of Republican operatives across the country starting up their own political news sites. His website has been repeatedly praised as the best political blog in Iowa by the Washington Post, and in January of 2015, Politico included him on the list of local reporters that matter in the early presidential states. Robinson got his first taste of Iowa politics in 1999 while serving as Steve Forbes’ southeast Iowa field coordinator where he was responsible for organizing 27 Iowa counties. In 2007, Robinson served as the Political Director of the Republican Party of Iowa where he was responsible for organizing the 2007 Iowa Straw Poll and the 2008 First-in-the-Nation Iowa Caucuses. Following the caucuses, he created his own political news and commentary site, Robinson is also the President of Global Intermediate, a national mail and political communications firm with offices in West Des Moines, Iowa, and Washington, D.C. Robinson utilizes his fundraising and communications background to service Global’s growing client roster with digital and print marketing. Robinson is a native of Goose Lake, Iowa, and a 1999 graduate of St. Ambrose University in Davenport, where he earned degrees in history and political science. Robinson lives in Ankeny, Iowa, with his wife, Amanda, and son, Luke. He is an active member of the Lutheran Church of Hope.

blog comments powered by Disqus