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Article: A New Connecticut Credit Readies $80 Million Deal.
- Article from:
- The Bond Buyer
- Article date:
- April 28, 2003
- Author:
CopyrightCOPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A new credit is emerging in Connecticut to issue bonds for the final phases of Hartford's ambitious plan to rejuvenate its waterfront with a convention center, a hotel, and residential and commercial development.
The Capital City Economic Development Authority was formerly charged only with reviewing and approving expenditure of proceeds under the state's general obligation bond program for the $1 billion Adriaen's Landing waterfront development project along the Connecticut River. But now it plans to step in to issue about $80 million of revenue bonds later this year or early in 2004 for parking and energy-generation facilities at the city's new convention ...