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Miami Considers Bond Issue To Pay Off Port Miami Loan

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Port of Miami officials say they are on track for a record breaking year.

Port of Miami officials say they are on track for a record breaking year.

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cheap eats 300x225aa Miami Considers Bond Issue To Pay Off Port Miami Loan

MIAMI (CBSMiami) – With a Port Miami loan coming due in the next few months, city officials are considering issuing more public debt.

The $45 million loan, held by Wells Fargo Bank, must be paid off in January.

City officials originally considered looking into private financing options but Miami’s financial advisor recommended a bond issue instead.

On Monday, a finance committee approved the recommendation. It will go before the city commission later this month.

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