Council Approves Bond Sale, Creation Of Authority To Oversee Crew Stadium Project
Columbus City Council last night approved the sale of 300 million dollars in bonds for infrastructure improvements and other projects.
The bonds go on sale next month. Council also approved refinancing more than 180 million dollars in existing bond revenue to lower the city's interest rate. Council also approved a petition to create a new community authority to oversee a new downtown stadium for the Columbus Crew SC and a nearby mixed-use development. It can assess charges on property and business revenue to pay off the bonds financing the project. The city will hold a public hearing on the authority next Monday morning in the offices of the Columbus Department of Development.