Montgomery County, Pa., Prepares Offering for Retirement Community

Cataldo, Adam L.
January 2005
Bond Buyer;1/6/2005, Vol. 351 Issue 32044, p6
Trade Publication
The article reports that Montgomery County, Pennsylvania, Industrial Development Authority plans to enter the market for the first time in the January 2005 with nearly $120 million in new fixed-rate debt, and $30 million in refunding bonds next month for two continuing care retirement communities. The new-money deal will finance a facility that will have 181 independent living apartment houses, 86 independent living cottages, 60 nursing beds, and 28 assisted-living units. This will be the authority's first issue of 2005. Last year the authority issued about $40 million in debt.


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