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Home Minor League News Investors Offer $21 Million in Bonds - Tied to Ballpark

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Investors Offer $21 Million in Bonds - Tied to Ballpark PDF Print E-mail
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Written by Administrator   
Tuesday, 19 September 2006 05:36

Investors made purchase offers for $21 million in retail bonds that are ties to the construction of a new ballpark facility in Springdale, Arkansas. This figure met the target set by Springdale's advisors.

Private and institutional investors were given Monday and today to make offers for $ 124. 3 million worth of bonds, including about $ 50 million for a baseball stadium and infrastructure and $ 75 million remaining from the $ 105 million street improvement project voters approved in 2003.

The Springdale City Council is scheduled to consider approving the bond sales during a special meeting at 6 p. m. Thursday. (Arkansas Democrat Gazette)

 
 
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