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Palmdale Aerospace Academy weighs bond refinancing and grant options to fund construction and develop vacant land
Summary
District business official presented bond refinancing scenarios that could raise between $11 million and $22 million while keeping current payment levels; district staff also pursuing a $30 million state charter facilities grant.
Palmdale Aerospace Academy District officials outlined financing options to fund construction and possible development of district-owned vacant land, saying refinancing could raise millions while maintaining current debt service payments.
The district’s chief business official told the board that if the district extends the maturity of its bonds about 10 years to 2056 while keeping payments at current levels, it could raise an estimated $11 million to $12 million…
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