Detroit District Issues $210 Million in Capital Bonds

DETROIT — Detroit Public Schools issued more than $210 million in capital improvement bonds needed to move forward on a $500.5 million district-wide construction and renovation program.
The sale included $160.9 million in Qualified School Construction Bonds and $49.6 million in Build America Bonds, both of which were authorized under the American Recovery and Reinvestment Act of 2009, according to reports.
The funds will support the district’s three-year capital improvement plan, which will close dozens of schools a

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