TITLE

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

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/27/2003, Vol. 344 Issue 31643, p38
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
9957325

 

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