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Washington School Industrial Revenue Bonds Project

Sector: Education • Location: Pittsburg, Kansas, United States

Source: Citizen Portal AI

Project
Awarded

The Pittsburg City Commission approved the issuance of taxable industrial revenue bonds up to $6 million for the Washington School project. The financing is structured as conduit industrial revenue bonds where the school will site-lease the property to the city and lease the improved facility back to the school. The project includes a 10-year 100% tax abatement, with some state-exempt taxes still

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Project Information

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The project “Washington School Industrial Revenue Bonds Project” is an infrastructure initiative in the Education sector, located in Pittsburg, Kansas, United States. Taiyo aggregates data on it from Citizen Portal AI.

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Participants

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Status

Original status

awarded

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Description

Description

The Pittsburg City Commission approved the issuance of taxable industrial revenue bonds up to $6 million for the Washington School project. The financing is structured as conduit industrial revenue bonds where the school will site-lease the property to the city and lease the improved facility back to the school. The project includes a 10-year 100% tax abatement, with some state-exempt taxes still applicable. The bonds are a special-revenue obligation of the borrower, with the city acting as a conduit for financing.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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