According to excerpts from the story:
Improvements to the first three blocks of Washington Avenue in downtown Grand Haven could begin as early as September, according to Ken Shingledecker, Department of Public Works special projects manager. The Grand Haven City Council voted 3-2 on Aug. 16 to request the Ottawa County Board of Commissioners designate the city as a recovery zone. That would make it eligible for federal recovery bonds. Mayor Roger Bergman indicated the city could know as early as this week if the recovery bond designation is approved, and he was confident it would. The city was previously pursuing Build America bonds for the $5.6 million Washington Avenue Project when the city's legal staff discovered it could be eligible for the federal stimulus money. City officials determined the federal government subsidizes 45 percent of the recovery bond interest compared to only 35 percent for Build America bonds. City Attorney Roger Swets said it could mean a savings of $100,000 over the life of the bond.
Read the complete story here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.