Long Beach Redevelopment OKs selling bonds for police substatio...
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#1 Apr 5, 2010
Isn't it interesting, now, to hear they've given the go-ahead for funding that LBPD station at the Schroeder Hall site (Willow & Grand)? What makes it interesting is that there's been no go-ahead on the project from the military brass and other feds who have the final say. Or ... did they give it their thumbs-up and the city has kept mum on it because of the antsy folks in the neighborhood there who raised so much Cain about the deal in the first place? There's lots of folks around who'd be awfully interested to hear that there's been the final stamp of approval. Or is this RDA PAC decision just another staff-driven bum's rush?
#2 Apr 6, 2010
$35 million borrowed with $2 million to be paid annually - borrowing at 5.7%, not too bad...
Although it would be better if there was a revenue generating element of the deal...or that the new facilities would require lower maintenance costs that the older facilities...
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