Fast-breaking issues from the federal, state, regional and local levels for your immediate attention and action!
Thursday, December 2, 2010
Local Projects Get Money
Gov. Chris Gregoire and the Washington State Department of Commerce announced today that nine jurisdictions have been granted authority to issue more than $77.8 million of Recovery Zone Bonds and $5.3 million in Small-Issue Private Activity Bonds. Local projects:
Jurisdiction Authority Project
Pierce County $5.3 million Frederico Enterprises: Acquisition and remodel of 82,000 square-foot facility to process salmon for distribution to local supermarkets.
City of Tacoma $9.4 million Tacoma Dome Parking Facility: Construction of a new parking garage at the Tacoma Dome.
The Bond Cap Allocation Program helps state and local jurisdictions provide tax-exempt bond financing for projects with substantial private investment and resulting in public benefits such as job creation, environmental protection, creating affordable housing, assisting first-time home buyers, and improving public infrastructure.
Learn more about the Bond Cap Allocation and Community Renewal Program here.