User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


-7° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Report conditions in your area, send photos to ushare@keloland.com

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

City Gets 3.2 Percent Interest Rate On Events Center Bonds

March 13, 2012, 3:43 PM by Ben Dunsmoor

City Gets 3.2 Percent Interest Rate On Events Center Bonds
SIOUX FALLS, SD -

Rates are lower than expected for the Sioux Falls Events Center.  The bond sale for the multi-million dollar facility was held Tuesday morning.

The city got an interest rate of 3.2 percent.  That's nearly one percent less than expected and adds up to millions of dollars in savings for the city.

"Over the life of the bonds the savings, just in that difference from four percent to 3.21 percent, represents about $16 million over the life of the bonds," Sioux Falls Finance Director Tracy Turbak said.

Thanks to Tuesday's sale, the city now has $102 million to put toward the $115 million facility.

The city will wait to see how much money it gets from naming rights before borrowing more money.

With construction just a couple months away, the city wants to share the latest drawings of the new events center.  There's a public open house on Thursday at 6 p.m. at the Morningside Community Center.  Architects and city leaders will be on hand to answer any questions.

Previous Story

Next Story


RELATED STORIES
Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

New Strip Mall For Dawley Farm Village

2/20/2015 12:08 PM

Construction will begin on a new strip mall south of the pond at Dawley Farm Village in April.

Full Story
Other Place Bar And Grill Closed In Sioux Falls

2/24/2015 12:51 PM

According to its Facebook page, The Other Place Bar and Grill has closed. (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.g...

Full Story
Touch Of Europe Permanently Closed

2/25/2015 4:29 PM

The Touch of Europe restaurant will be closed for good.

Full Story
Fareway Foods Plans To Open Second Sioux Falls Location

2/20/2015 11:51 AM

The grocery store would go on the southwest corner of 41st Street and Sycamore Ave.

Full Story
Sioux Falls Approaching 'Magic Number'

2/23/2015 10:10 PM

It's a number that can support bigger businesses, more retail and restaurants.

Full Story | Watch


Events