Industry to Ask Voter to Approve $500 Million Bond
The Sun (San Bernardino, CA) › December 21, 2008
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The Sun (San Bernardino, CA) › December 21, 2008
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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.See the full content of this document
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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...See the full content of this document
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