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.


69° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

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

 


View business

You may also like

Wild Bat Found At Great Plains Zoo Tests Positive For Rabies

6/26/2015 11:19 AM

The Great Plains Zoo is warning visitors after a bat found on a sidewalk there tested positive for rabies.

Full Story
Presidential Proposal Would Expand Overtime Pay

6/30/2015 7:08 AM

Obama is unveiling a proposal to require overtime pay for workers who earn up to $970 per week, up from the current $455 threshold.

Full Story
Moe's Southwest Grill Selects Sioux Falls Location

6/29/2015 12:41 PM

You will soon have a new option for chips and salsa, salads and tacos in Sioux Falls.

Full Story
Speed Limit Dropping To 75 MPH Along Stretch Of I-90

6/26/2015 1:53 PM

Starting next week, drivers on Interstate 90 will have to slow down from the Wyoming border to just west of Exit 55 in Rapid City.

Full Story
New Outdoor Venue For Falls Park West

6/29/2015 5:07 PM

Mayor Mike Huether's Capital Improvement Plan includes $2.5 million for the Levitt project.

Full Story | Watch


Events