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Dallas officials outline plan for up to $1 billion bridge loan to fund near‑term projects
3769422 · June 10, 2025
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Summary
City staff described a proposed bridge loan and letter of credit arrangement with JPMorgan Chase for up to $1 billion to provide interim financing for projects; officials said the commercial paper/bridge financing would be replaced with long‑term bonds in about a year.
City financial staff told the committee on June 10 that an item on the council agenda would authorize a bridge loan with JPMorgan Chase for up to $1 billion to provide short‑term financing while projects proceed to long‑term bond financing.
Jack Ireland…
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