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July 28, 2014, 9:37 pm
970 WMAY News

Mayor: Local Bond Issuance Sells More Than $4 Million


Mayor Mike Houston says the results of this week’s infrastructure bond sale show his critics didn’t really know what they were talking about.

 

Aldermen Joe McMenamin and Frank Edwards had complained that advance information about that sale to local investors was hard to come by. But when those investors got the chance to buy on Wednesday, they snatched up more than $4 million of the bonds.

 

Houston says that shows investors had the information they needed… and felt like buying the city’s bonds was a good investment.

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