User uShare 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.

61° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



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

#3 Brookings @ #2 Mitchell at 7 p.m.



[0] My Saved Articles
Back to all news


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

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




View business

You may also like

Mitchell Superintendent Defends 'Second Job'

10/5/2015 10:02 PM

Our KELOLAND News investigation revealed some of the problems surrounding the multimillion dollar GEAR UP grant that caused the state to end its partn...

Full Story | Watch
Missing Documents On Secretary Of State Website

10/6/2015 6:05 PM

Half a million documents that are supposed to be on the South Dakota's Secretary of State website are not online.  The current Secretary Shan...

Full Story | Watch
Pepsi Perfect To Be Released October 21

10/5/2015 3:08 PM

On October 21, the same day Marty McFly traveled through time, the soda company is releasing Pepsi Perfect.

Full Story
Cupcake Baker Whips Up A Book

10/5/2015 3:35 PM

The woman who opened South Dakota's first gourmet cupcake shop has published a book.  Melissa Johnson has written, "Fingers in the Frost...

Full Story
Daugaard Answers Questions On GEAR UP

10/2/2015 6:00 PM

Friday, we tracked down Governor Dennis Daugaard to ask about the financial troubles surrounding GEAR UP. 

Full Story | Watch