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Council authorizes authority to seek refunding of 2015 convention-hotel bond; officials say market timing will determine savings
5443157 · March 31, 2025
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Summary
Ordinance G2025-07 was adopted to authorize refunding of a 2015 convention-center/hotel bond when market conditions permit; staff said earlier estimates showed roughly $450,000 lifetime savings but recent market movement has delayed closing.
The Evansville Common Council on March 31 adopted Ordinance G2025-07, authorizing the city to pursue refunding (refinancing) of the outstanding 2015 economic development revenue bond issued for the downtown convention-hotel project once market conditions are favorable.
Marco DeLucio, deputy city attorney, told the council…
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