The City of Hillsboro (OR) is expected to finance the new $15.2 million ballpark for the relocating Single-A Yakima Bears (Northwest League) with full faith and credit bonds rather than general obligation bonds. The former is paid for via general funds (no direct funding source) and requires no voter approval. The latter is usually tied to a new tax or taxes requiring voter approval. Read more here.
Hillsboro to Use Full Faith and Credit Bonds to Pay For New Ballpark
Filed under Design & Construction, Money & Financials, Stadium Issues