Home » NEWS » Agribusiness » Bonds to go on sale to finance Ocean Expo

Bonds to go on sale to finance Ocean Expo

D’IBERVILLE — The D’Iberville City Council has passed resolutions needed to finalize the purchase of property for the Ocean Expo off Interstate 10, and float general obligation bonds to cover some of the expense.

The Sun Herald reports the property is being cleared to make way for the aquarium, and up to $4 million in bonds will be issued to pay the city’s expenses to bring the attraction to D’Iberville.

Demery Grubbs with Government Consultants Inc. of Jackson said he wants to sell the bonds before the deadline for Congress to raise the debt ceiling, which could affect interest rates.

Grubbs told the council Tuesday he hopes the interest rate on the bonds will be about 4 percent.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*