Massachusetts Looks to IRS Statute To Fund Lowell Courthouse Project

O'Brien, Elizabeth
December 2004
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p1
Trade Publication
The article reports that Massachusetts has begun the process of searching for a private developer to build a courthouse in Lowell. The project would be financed with bonds issued under an Internal Revenue Service regulation that allows tax-exempt financing for qualifying public-private ventures. If successful, this program could serve as a model for repairing or replacing the state's many dilapidated courthouses. U.S. Republican governor Mitt Romney signed into law a bill including an alternative method of financing for an $85 million courthouse complex in Lowell that would be funded with lease revenue bonds.


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