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CCDC Board Approves Bonds and Budgets

SAN DIEGO-Centre City Development Corp.'s board of directors recommends the approval of a series of new bonds in an amount not to exceed $20 million and also gives the green light on several project budgets.

By Erin Cassin | Updated on May 23, 2003

SAN DIEGO-Centre City Development Corp.’s board of directors has given its support for a series of new bonds and has also approved several new project budgets.

The board has recommended that the San Diego Redevelopment Agency approve the issuance of several new bonds in an amount not to exceed $20 million. They consist of the Horton Plaza Redevelopment Project Tax Allocation Bonds, Series 2003A; Junior Lien Tax Allocation Bonds, Series 2003B; and Tax Allocation Housing Bonds, Series 2003C. According to CCDC officials, “the proposed TA bonds will provide funds for the rehabilitation of the historic Balboa Theatre and a portion of the Notice of Funding Availability for the Comprehensive Affordable Housing Strategy.

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