Local News

H-F Park Board taking second look at H-F Ice Arena expenses

The Homewood-Flossmoor Park District commissioners have decided to update the 2019 estimated costs on needed repairs for the H-F Ice Arena.

The discussion at the park board’s meeting on Monday, Aug. 2, followed a review of the district’s bonding power by Aaron Gold of Speer Financial, Inc. He offered suggestions on how the district can reduce its interest payments on two outstanding bond issues by refinancing the debt at a lower rate from the 4% and 5% the district is paying. Borrowing is now at 2.5%. A change would also give the . . .

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