Council members approved the Unity Park budget and sale of hospitality tax bonds for the 60-acre project on Greenville’s West Side. The bond transaction must be closed by April 16 to capitalize on extraordinarily good interest rates, twenty-year fixed at 1.71 percent. The bonds have no pre-payment penalty, allowing the City a measure of flexibility to terminate the project if conditions require such an action.
Greenville's vision for Unity Park is progressing with dirt moving, businesses opening and millions of dollars raised to transform 65 acres of a flood-prone former dumping ground into a civic crown jewel. As the year comes to a close that saw public works finally demolished to clear the way for the park, the city has provided a comprehensive update on what has been accomplished so far and what to expect in the coming weeks and months. (The Greenville News)
The city of Greenville has raised $6 million in cash contributions from private entities for the first phase of Unity Park, with another $4 million in contributions pending. (The Greenville Journal)