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Article: Deal in Focus: After Delays, Orlando Ready to Deal: Selling $331M For New Arena Facility.
- Article from:
- The Bond Buyer
- Article date:
- February 21, 2008
- Author:
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BRADENTON, Fla. -- Orlando hopes to finally move forward next week with the pricing of $330.6 million of fixed-rate debt - two bond sales that were delayed more than two months by volatility in the credit market and other factors.
Officials said the sale of $32.64 million of sales tax revenue bonds would take place Monday or Tuesday depending on market conditions and $298 million of tourist tax revenue bonds would be sold in three series on Wednesday.
Proceeds will provide a major chunk of funding for the construction of a $480 million, 750,000-square-foot multi-use events center in downtown Orlando that also will serve as the new home of the National ...