Thursday, October 8, 2009

DeKalb County gives first nod to jail, courthouse expansion plan

the county could take advantage of Build America Bonds or Recovery Zone Economic Development Bonds, both of which have low interest rates and were created under the federal stimulus package. The county has already declared itself a Recovery Zone, making it eligible to issue about $6 million in bonds.

Courthouse
Estimated cost: $10 million to $12 million
How to pay: Tax revenue from County Farm property
Bonds issued: In 2010, probably Build America Bonds and Recovery Zone Bonds
Construction timeline: 2010-2011
Jail
Estimated cost: $30 million
How to pay: New revenue through landfill expansion or general-obligation bond referendum
Bonds issued: In 2012
Construction timeline: 2012-2014

County gives first nod to jail, courthouse expansion plan | Daily Chronicle

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