Arlington County to Issue $110M in Bonds
Money designated to help fund construction of two schools, Long Bridge Park and the Arlington Mill Community Center, among other things.
The Arlington County Board on Tuesday unanimously approved the sale of $110 million of general obligation bonds to fund a variety of projects, from school construction to a park and community center. The bonds will be sold on the municipal market on June 5, according to a county news release. Interest rates are among the lowest they've ever been, said Arlington County Board member Chris Zimmerman. The bonds — portions of which have been approved by voters on even-numbered years between 2004 and 2010 — would be repaid over 20 years, according to a county staff report. The largest chunk of the bond proceeds, about $65.1 million, would go to Arlington Public Schools for the ongoing reconstruction of Yorktown High School, the design and …
