Williamstown, Ky., preps $62 million offering Crosswater Canyon bonds

By Sheri Kasprzak

New York, Nov. 8 - The City of Williamstown, Ky., plans to price $62 million of series 2013 taxable industrial building revenue bonds for Crosswater Canyon Inc., according to a preliminary official statement.

The bonds will be sold through underwriter Ross, Sinclaire & Associates LLC.

The bonds are due in 2020, 2022, 2024 and 2028.

Proceeds will be used to finance a loan to the corporation and Ark Encounter LLC to construct, acquire, equip and install the initial phase of a biblically themed education and entertainment theme park, including a replica of Noah's Ark, in the city. The corporation is a nonprofit religious organization based in Hebron, Ky.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.