The interest rate on $3 million in revenue bonds for the city park renovation plan is “a very strong rate,” according to a source within the municipal bond business.
“The (park renovation bond) is not dead,” Vice Mayor and Ward 2 Councilman Joseph Mickens told The Dispatch Tuesday afternoon. “I see it coming back up for another vote, and when it does I’m on board with it.”
Mayor Keith Gaskin broke a tie during a Friday morning special call meeting to kill an effort to sell about $3 million in revenue bonds intended for a $4.4 million parks renovation plan that would have mostly focused on improving Propst Park.