Long Beach Redevelopment OKs selling ...

Long Beach Redevelopment OKs selling bonds for police substatio...

There are 2 comments on the Long Beach Press-Telegram story from Apr 5, 2010, titled Long Beach Redevelopment OKs selling bonds for police substatio.... In it, Long Beach Press-Telegram reports that:

Plans to issue up to $35 million in bonds to more quickly finance several North Long Beach projects and the construction of the Long Beach Police Department's East Division substation moved forward Monday.

Join the discussion below, or Read more at Long Beach Press-Telegram.

Seein the lite --

Huntington Beach, CA

#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?
For a better Long Beach

United States

#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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