Tuesday, May 4, 2010

Bond Getting Good Rating

A strong bond rating is allowing the city of International Falls to move ahead with the construction of a new headquarters for Voyageur's National Park and an amphitheatre along the Rainy River waterfront.

Moody's has given the city at A1 rating on a bonding issue that will be used to pay the $8.9 million price tag for the project.

A long term lease with the National Park Service will cover the bond.

Construction could begin within the next two weeks.