Bristol Council has announced it wants to push ahead with several new projects, for which it would need to borrow £50 million.
That's according to BBC News, which revealed that the Liberal Democrat-run council will spend £20 million of this on the creation of school places for residents.
Additionally, £10 million will help create two "rapid transit" bus schemes; with the remaining money split amongst recycling projects, sheltered housing, transport and initiatives for older people. The investment will hopefully benefit existing residents or those who are planning to invest in Bristol lettings throughout 2012; particularly as a new swimming pool is to be erected with the funds, providing another attraction for the area.
The BBC report revealed more about the news, stating: "The £10m council contribution towards the two bus rapid transit schemes planned for the city would help ease the pressure on businesses having to contribute to a £42m shortfall."
It went on to confirm: "The authority says it would borrow money from the government's Public Works Loan Board. A first repayment of £1.5m would be largely met from savings made from council IT systems."
Bristolwired.co.uk reported that councillors will vote for or against these plans in February, meaning that Bristolians will have to wait to find out the area's fate.