TITLE

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

AUTHOR(S)
DeSue, Tedra
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/30/2004, Vol. 350 Issue 32019, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
15256447

 

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