The bonds for construction of a new hospital were nearly sold out today. The city got an interest rate of 6.7 percent, which is not great but was better than some thought it might be.
Out of $23 million in bonds, all but a few hundred thousand are sold, so if you want to buy any, you better hurry.
The Public Building Commission meets at 6:30. They are expected to approve the sale that was completed this morning.
At tonight's regular meeting, which starts at 7, the city is expected to hire the engineering firm to start that process.
Construction should be well underway by the end of the year.
why would anyone invest in a business that is sure to fail
ReplyDeleteWell, maybe one should ask, who are the others who have dropped a collective $23mm and could they all be wrong?
ReplyDeleteCould they all be wrong?