Orlando Community Redevelopment to sell $71.13 million bonds Wednesday

By Sheri Kasprzak

New York, Aug. 13 - The Orlando Community Redevelopment Authority is set to price $71.125 million in series 2009 tax increment revenue and revenue refunding bonds Wednesday, according to an offering calendar.

The sale includes $18.645 million in series 2009A revenue bonds, $6.02 million in series 2009B revenue refunding bonds and $46.46 million in series 2009C Build America Bonds.

The 2009A bonds are due 2011 to 2024, and the 2009B bonds are due 2011 to 2016. The 2009C bonds are due 2029 and 2037.

Proceeds will be used to refund the authority's series 2002 and 2004 bonds, as well as pay for costs associated with a performing arts center in downtown Orlando.

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