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Lancaster Council unanimously approves up to $28 million bond to finish Paris Event Center, fund park safety projects
Summary
The Lancaster City Council and Lancaster Financing Authority unanimously adopted resolutions to issue approximately $28 million in 2026 bonds to finalize financing for the Paris Event Center, fund a 50% match for an Avenue J pocket park grant, and pay for immediate fencing at two parks, city staff said.
The Lancaster City Council and the Lancaster Financing Authority on a unanimous vote approved a 2026 bond issue to finalize financing for the Paris Event Center and to cover two immediate park fencing projects.
City staff presented the joint public hearing report, saying the total bond issue would be about $28,000,000 with a net borrowing around $25,000,000 and an expected interest cost near 4.5% (with a pricing cap of 5.5%). "There are three intended uses of the funds," George Harris, city staff, told the council, listing (1) shoring up financing for…
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