
Bloomington council OKs $46.8M bond issuance to help fund $70M convention center project
At its regular Wednesday meeting (March 5), the Bloomington city council approved the issuance of $46,825,000 in lease rental revenue bonds, to finance the cost of expanding the Bloomington Convention Center.
The interest rate for the bonds is 5.0 percent. The term of the bond issuance is