Spokane, Wash., Council OKs $39M Issue for Garage Settlement

Saskal, Rich
April 2004
Bond Buyer;4/7/2004, Vol. 348 Issue 31858, p1
Trade Publication
Reports that the City Council in Spokane, Washington, has approved the issuance of bonds as part of a settlement it is seeking with the owners of defaulted bonds issued for a parking garage; Possibility of a windfall for a some distressed debt speculators; Litigation over the default of Spokane Downtown Foundation revenue bonds issued in 1998; Plan of the city to buy out the bondholders.


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