Bond Sale Timeline
On April second, Shreveport voters approved a $175-million dollar bond issue -- the largest bond issue in the city's history. Now the city is trying to put together a priority list to determine which projects should be done first.Chief Administrative Officer Dale Sibley has told the city council that the list really needs to be firmed up by the end of this month in order to fulfill the city's pledge to move these projects forward on an aggressive schedule. The city hopes to go before the major bond rating agencies in New York to present its case in mid-May and then offer the bonds to local investors before going out for public bid in June. The city is hoping to sell $75-million dollars worth of bonds in the first go-round in June.