Miami Beach sees a bonanza in low-interest bond borrowing right now
Written by Kylea Henseler on March 30, 2021
Miami Beach officials are looking to take advantage of record low interest rates to quickly and efficiently finance projects that are part of the city’s $439 million General Obligation Bond.
The bond, according to a memo from Interim City Manager Raul Aguila, was approved in 2018 and is broken up into four three-year tranches with projects falling under three categories: Parks, Recreational and Cultural Facilities; Public Safety; and Neighborhoods/Infrastructure.
To read the full story click here to subscribe.