Stagnant property values have slowed yearly bond sales in Oklahoma City, but work on the many projects included in a $835.5 million general obligation bond issue approved in 2007 is under way.
NewsOK
BY MICHAEL KIMBALL mkimball@opubco.com
Published: August 16, 2011
Stagnant property values mean Oklahoma City residents might have to wait awhile longer to see all the benefits of an $835.5 million bond issue approved by voters in 2007, but work is well under way.
The city is about a third of the way through a long list of projects covered in the bond issue, which was originally expected to conclude early in the second half of this decade, city Public Works Department Director Dennis Clowers said. The completion now likely will be closer to 2020.
Nonetheless, projects from highly visible to barely noticeable have been under way for about three years.
The city is typically able to raise from $60 million to $80 million in its annual bond sale, Clowers said. The most recent sale this spring raised only about $43 million... FULL ARTICLE
Posted on
Tue, August 16, 2011
by John Cox