Tacoma bond issue

The Port of Tacoma has issued $100m in revenue bonds with an effectivefixed interest rate of less than 4%. 

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Port of Tacoma deputy executive director John Wolfe said that the bond revenues would be used over the next year to help fund land purchases, rail improvements and redevelopment of the former smelter site into a marine terminal.

He said: “Last year, we opened three new container terminals at a total capital cost of $240m and we are preparing for more growth in the future.”

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