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Article: United States: City to Issue $20 Million in Bonds for Enterprise South Infrastructure.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
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Byline: shiv03
Infrastructure and development around Enterprise South will significantly raise city debt, but officials say long-term growth and future revenue from a nearby annexation will pay for itself.
The Chattanooga City Council authorized the issuance and sale of municipal bonds Tuesday evening for substantial infrastructure improvements at the Enterprise South site. The resolution, approved unanimously, states that the $20 million price tag is for the purpose of paying all or a portion of the costs associated with the Volkswagen auto manufacturing plant.
The infrastructure project includes streets, a helipad, welcome center, fire ...