Capital Improvement Program

The capital improvement program is a five-year funding plan that implements the city’s plans for growth and sustainability. As part of the budget, it is distinct from the operating budget as it considers large, big-ticket projects and purchases that last a long time and are non-repetitive expenses. 

While some funding is pay-as-you-go or cash-funded, for many large purchases it is better to spread the cost over many years. Rather than a loan, however, local governments issue municipal bonds or general obligation bonds to fund these large expenses. These bonds are paid off over time with interest.

By agreement, the city issues $5M in general obligation bonds for the capital needs of Roanoke City Public Schools each year. RCPS makes the payments on these borrowed funds from its operating budget. The annual $5M is a baseline amount for ongoing needs. Often, additional capital funding is needed for larger projects such as a new school or substantial renovations. RCPS, in turn, is responsible for covering larger debt payments that result. 

Below is a summary of the proposed Capital Improvement Program for the fiscal year from July 2022 through June 2023.  The CIP is a funding plan and, while funding in the first year of the five-year plan is almost always assured, the next four years may be amended as priorities change or funding levels change.


School InvestmentsTotal CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Morningside Expansion
Preston Park replacement year 1

Preston Park year 2
Lincoln Terrace HVAC, roof replacement
Patrick Henry practice field regrade
Hurt Park new playground

Preston Park year 35,000,000


Westside renovation/reconstruction year 1
Roanoke Academy for Mathematics and Science roof replacement
Highland Park roof replacement
James Madison roof replacement

Westside year 2     5,000,000


Total investments by year40,605,00012,750,00012,855,0005,000,0005,000,0005,000,000
Bond funding40,605,00012,750,000   12,855,0005,000,0005,000,0005,000,000


Public Works InvestmentsProject CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Curb, gutter, and sidewalk construction8,500,0001,700,0001,700,000   1,700,0001,700,0001,700,000
Curb, gutter, and sidewalk replacement3,175,000      635,000635,000635,000635,000635,000
Sidewalk maintenance - cash funded1,677,095335,419335,419335,419335,419335,419
Street paving and ADA ramps - bond funded5,000,0001,000,0001,000,0001,000,0001,000,0001,000,000
Street paving and ADA ramps - cash funded21,199,6204,239,9244,239,9244,239,9244,239,9244,239,924
Streetscape improvement projects2,500,000500,000500,000500,000500,000500,000
13th Street SW Bridge rehabilitation2,000,000

Wasena Bridge replacement (13,750,000 previously allocated)27,500,000    13,750,000

Melrose Avenue bridge over Peters Creek 1,250,000

Bridge maintenance - cash funded3,993,430798,686798,686798,686798,686 798,686
Stormwater improvements - bond funded16,000,0004,000,0003,000,0003,000,0003,000,0003,000,000
Stormwater improvements - cash funded    7,625,0001,525,0001,525,0001,525,0001,525,0001,525,000
Public Works Service Center locker room renovation         430,000430,000

Public Works Service Center wash house and refueling station      3,900,000

Passenger rail building1,865,000

Total Investments by year
Cash funding34,495,145
Bond funding72,120,00022,015,0009,180,00010,390,0006,835,0008,085,000


Parks and Recreation InvestmentsTotal CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Eureka Park Center8,000,0008,000,000

Washington Park Pool3,150,000750,0002,400,000

Richardson Wayland property500,000             500,000

River's Edge phase 21,500,0001,500,000

Skate park1,000,000

Capital maintenance1,200,000


Total Investments by year



Grant funding (American Rescue Plan Act)8,000,0008,000,000

Bond funding7,350,0002,750,0003,400,000



Technology InvestmentsProject CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Advantage financial system3,000,000600,0001,900,000500,000

Records management system2,030,0002,030,000

Network cabling700,000700,000

Global Human Resources2,300,000

Internet expansion750,000

Technology capital5,500,0001,500,0001,000,0001,000,0001,000,0001,000,000

Total Investments by year14,280,0004,330,0002,900,0002,900,0002,100,0001,550,000
Cash funding5,500,0001,500,0001,000,0001,000,0001,000,0001,000,000
Bond funding8,780,0003,330,0001,900,0001,900,0001,100,000550,000


Library InvestmentsProject CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Belmont Branch Phase 22,000,000300,0001,700,000

Total Investments by year

Bond funding2,000,000 300,000 1,700,000


Capital Building Maintenance InvestmentsProject CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Capital Building Maintenance - bond funded4,550,0001,000,0001,000,000950,000600,0001,000,000
Capital Building Maintenance - cash funded1,375,000375,000250,000250,000250,000250,000
HVAC and structural projects625,000 405,000220,000

Magistrate Office renovation755,000          100,000655,000

Commonwealth Attorney office renovation1,450,000

Total Investments by year8,755,0001,880,0002,325,0002,450,000850,0001,250,000
Cash funding1,375,000375,000250,000250,000250,000250,000
Bond funding7,380,0001,505,0002,075,000          2,200,000600,0001,000,000


Fire/EMS Facility InvestmentsProject CostBudget FY23Program FY24Program FY26Program FY26Program FY27
Noble Ave Station No 2 replacement10,650,000500,000850,0001,000,0008,300,000

Total investments by year10,650,000500,000850,0001,000,0008,300,000          
Bond funding10,650,000       500,000850,0001,000,0008,300,000           

Fleet InvestmentsTotal CostBudget FY23Program FY24Program FY25Program FY26Program FY27
Fleet capital - bond funded5,825,0001,600,000   600,0001,325,0001,700,000600,000
Fleet capital - cash funded4,651,4571,307,9521,047,263978,574780,743536,925

Total investments by year10,476,4572,907,9521,647,2632,303,5742,480,7431,136,925
Cash funding4,651,4571,307,9521,047,263978,574780,743536,925
Bond funding5,825,0001,600,000600,0001,325,0001,700,000600,000


Berglund Center InvestmentsTotal costBudget FY23Program FY24Program FY25Program FY26Program FY27
Performing Arts Theater restroom remodel, parking lot lighting, roof replacement, and various maintenance projects7,500,0001,500,0001,500,0001,500,0001,500,0001,500,000
HVAC improvements - cash funded107,75021,55021,55021,55021,55021,550

Total investments by year7,607,7501,521,550     1,521,5501,521,5501,521,550
Cash funding107,75021,55021,55021,55021,55021,550
Bond funding7,500,0001,500,0001,500,000