TITLE

Sacramento Port Seeking Bridge Loan to Avert Bond Default

AUTHOR(S)
Saskal, Rich
PUB. DATE
May 2004
SOURCE
Bond Buyer;5/10/2004, Vol. 348 Issue 31880, p40
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that Sacramento-Yolo Port District's chief financial officer predicts that the district will avert a looming default of outstanding debt. Arrange of a bridge financing plan to give it breathing room to diversify in the face of waning maritime traffic; Net loss of the port in 2003; Efforts to make a bond payment due in late June; Plans of the port to sale prime property along the Sacramento River.
ACCESSION #
13088081

 

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