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Commission authorizes bond structure for Acroshare Amphitheater parking project
Grand Rapids City Commission and Committees · October 9, 2024
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Summary
The commission approved an agreement and bond authorization to issue bonds for the Acroshare Amphitheater parking structure, including a debt-service reserve sized at 150% of average annual debt service and an expected issuance around $24.3 million (previous notice of intent estimated $30.5 million).
The City Commission approved agreements and bond authorization related to financing the parking structure for the Acroshare Amphitheater.
Staff (speaker 7) summarized a companion agreement with the Kent County Convention Arena Authority (CAA) that…
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