SIOUX FALLS, S.D. (KELO) — Sioux Falls is looking to refinance two large projects to expedite debt pay-off. The refinance could save the city an estimated $6.2 million.
The city has two bonds eligible for refinancing from the following projects: the event center and the City Center.
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The event center bond includes the construction of the Denny Sanford Premier Center.
For the event center, the remaining balance of the non-taxable portion of the bond is $56.8 million as of Dec. 31 of last year. That bond is set to mature in 2033. The cost of the bond was $115 million when it was purchased in 2012…