Industry to Ask Voter to Approve $500 Million Bond

Summary


INDUSTRY - With a developer poised to build an NFL stadium and retail project on the east side of the city, the City Council is asking voters to approve a $500 million infrastructure bond.

On Jan. 20, the city's 82 registered voters will decide whether to give Industry permission to borrow the money, according to documents on file in City Hall.

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Extract


Industry to Ask Voter to Approve $500 Million Bond

The measure needs a two-thirds majority to pass and would be repaid through property taxes.

The sheer size of the bond makes it unusual, said John Shirey, executive director of...

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