loan

Economy
6:00 am
Fri December 20, 2013

Bend Refinancing Saves Tax Payer Dollars

Bend is taking advantage of lower interest rates to refinance a public works loan and save tax payers dollars. The $10 million loan was originally taken out for two different projects.

The Transportation Improvement and Urban Renewal projects were originally funded by a loan from Bank of the Cascades. With this refinancing, the city expects to save approximately $817,000 over the life of the loan.

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