City hears plan to use SPLOST-backed bonds to jump-start Decatur Square transformation
Davenport & Company outlined a plan for a competitive public sale of SPLOST-backed bonds to finance an estimated $8 million of Decatur Square work, describing rating, issuance timing and an illustrative non-callable 5% coupon structure that would produce roughly $1.8 million in annual debt service under current assumptions.
The full story
City financial advisers from Davenport & Company presented a proposed plan of finance for borrowing against the renewed SPLOST to help pay for the Decatur Square transformation.
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