New Orleans Selling $58M for Sewers, But Not Telecom Project

DeSue, Tedra
November 2004
Bond Buyer;11/30/2004, Vol. 350 Issue 32019, p7
Trade Publication
The article reports on sell of bond in New Orleans, Louisiana. New Orleans will sell about $58 million of debt on Thursday to make improvements to its sewage system, and may sell debt in the future to help fund a revolutionary plan to attach fiber optic lines to the sewer pipes in order to offer high-speed telecommunications to businesses and residents. While officials had hoped to fund part of the telecommunications project through this bond deal, that plan was tabled after questions arose last week about the feasibility of such a project. counsel. Thursday's deal includes $33 million of Series 2004 new-money sewerage service revenue bonds and $25.2 million of sewerage service bond anticipation notes.


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