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Council begins first read of intergovernmental agreement for Mobile Arena; county contribution unclear as city heads to bond market
Summary
Councilors introduced an intergovernmental-agreement framework with the Mobile County Commission for the Mobile Arena project. Staff said the city has asked the county for $10 million over two years but the county had not finalized a contribution; the city is proceeding to the bond market while awaiting the county’s decision.
The Mobile City Council on March 5 held a first reading to authorize an intergovernmental agreement with the Mobile County Commission for the Mobile Arena project.
City staff told the council the original county ask had been $15 million; the city’s current offer to the county is $10 million spread over two…
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