Fast-Growing Frisco, Tex., Selling $119M of Certificates of Obligation

Albanese, Elizabeth
May 2003
Bond Buyer;5/27/2003, Vol. 344 Issue 31643, p38
Trade Publication
This article reports that the Dallas, Texas suburb of Frisco will come to market on June 3, 2003 with a $117 million offering of certificates of obligation that will finance a number of projects, including a professional soccer stadium and complex for the Major League Soccer franchise, the Dallas Burn. Frisco's certificates will have a 20-year maturity and are expected to be insured. About $19 million of tax-exempt debt will be used for the convention center project, $2.7 million will go for general projects, and $55 million will finance a new soccer complex that will be used by the soccer team Dallas Burn, the Frisco Independent School District, and city and county youth and recreation leagues.


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