JPA Plan Could Pay Off Arena Bonds Early

LINCOLN -- Members of the JPA overseeing the Pinnacle Bank Arena project have a plan in place to pay off some of the arena bonds early.  That could save some taxpayer money in the long run.  Mayor Chris Beutler, City Councilman Doug Emery and University of Nebraska Regent Tim Clare says this plan incorporates a portion of the JPA cash balance to be used for early payment of the bond debt.  This comes on the heals of the West Haymarket JPA announcing that they have issued its sixth and final series of bonds for $28-million at a rate of 4.2%. Lincoln City Finance Director Steve Hubka says the policy does allow some flexibility, since it's not a legal commitment.  The proposal will be available for public comment at the JPA's December 19th meeting.

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Locations : Lincoln City
People : Chris BeutlerDoug EmerySteve HubkaTim Clare
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