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Council authorizes up to $250 million in bonds and awards New Mobile Arena contract to BL Harvard International
Summary
The Mobile City Council approved an ordinance to authorize up to $250 million in general obligation warrants and authorized a construction contract with BL Harvard International for the New Mobile Arena; Mayor William S. Stimpson called the actions "monumental moves."
The Mobile City Council on Feb. 20 approved an ordinance authorizing the issuance of up to $250,000,000 in general obligation warrants and authorized a contract with BL Harvard International for construction of the New Mobile Arena.
The moves clear major finance and procurement steps for the arena project. "Those are monumental moves," Mayor William S. Stimpson said after the votes, adding that the city expects to "go to the market" for the bonds…
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