Bond Sale Approved for Holland Power Plant

7:27 am
Thu February 27, 2014

Bond Sale Approved for Holland Power Plant

Lead in text: 
Largest bond sale in Holland's history approved to pay for natural gas plant
The Holland Board of Public Works will be in debt to the tune of roughly $165 million by this time next month.At a Wednesday joint meeting of the Holland City Council and the BPW Board of Directors, the sale of up to $195 million in bonds was approved unanimously by each entity.Despite the higher figure, BPW General Manager Dave Koster expects that the true amount to be borrowed will be closer to $160-165 million.