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Council signals support to pursue 30‑year bonds to fund fairgrounds projects
Summary
County finance staff and external advisers recommended issuing phased bonds (staff favored a 30‑year term) to capture a long‑running public facility sales‑tax credit; councilors gave informal direction to proceed with 30‑year issuance and asked for follow‑up on revenue forecasts and timelines.
Clark County finance staff and an external financial adviser presented a financing proposal at the April 15 work session for prioritized Fairgrounds projects. Amira Ajami, finance and investment manager in the treasurer’s office, introduced Mark Gassaway (finance director) and Duncan Brown (PFM), who explained the structure and fiscal rationale for debt issuance.
Key points: Mark Gassaway traced the project funding history to a state public facility sales‑tax credit that is restricted to the regional facility and has been extended several times (transcript references extensions to 40 and 55 years). He said the exhibit hall fund currently holds a substantial balance (staff cited…
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