Orlando OKs $270M In Bonds For MLS Stadium, Citrus Bowl

Law360, New York (February 10, 2014, 7:33 PM EST) -- The city of Orlando on Monday voted to authorize the issuance of $270 million in revenue bonds to help finance the construction and expansion of three major development projects, including a performing arts center, a Major League Soccer stadium and the Florida Citrus Bowl.

The tourist development tax payment bonds, which were unanimously approved at a city council meeting on Monday, will finance a portion of the costs of the $85 million project to build a downtown soccer stadium aimed at helping the city land a...
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