Phoenix Agency Moving Ahead on Hotel Project

Watts, Jim
January 2005
Bond Buyer;1/24/2005, Vol. 351 Issue 32055, p5
Trade Publication
This article presents information related to public bonds issued by Downtown Phoenix Hotel Corp. A quasi-governmental agency established last week by Phoenix to finance and build a city owned downtown hotel will decide in the new few days on contracts for the 1,000-room hotel. The Downtown Phoenix Hotel Corp. is authorized to issue up to $350 million in 30-year bonds supported by the hotel's revenues, although the hotel project is expected to only require about $300 million in bond finance. The revenue bonds were approved by the city council in June 2004.


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