The Homewood-Flossmoor Park District agreed to a plan to borrow up to $5.5 million to cover costs of the updates at the H-F Ice Arena.
During a presentation at the April 5 board meeting, Aaron Gold of Spear Financial presented commissioners with a plan to use general obligation bonding to finance the project. He said the park district would have until early June to finalize the deal. The interest rate won’t be known until the board goes into the market to sell the bonds.
The district has the capacity to take on the debt because it . . .
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