Washington Economic Development plans $54.07 million of revenue bonds

By Sheri Kasprzak

New York, Nov. 18 - The Washington Economic Development Finance Authority is expected to bring to market $54.07 million of series 2011 taxable economic development revenue bonds, according to a preliminary official statement.

The bonds (BBB+) will be offered through Morgan Keegan & Co. Inc.

The bonds are due 2014 to 2021.

Proceeds will be used to make a loan to CSC of Tacoma LLC to reimburse GEO Group Inc. for the expansion of the Northwest Detention Facility in Tacoma, Wash.

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