Lee County, Fla., intends to price $80.05 million revenue bonds

By Sheri Kasprzak

New York, Sept. 14 - Lee County in Florida is expected to price $80.048 million in series 2010 tourist development tax revenue bonds, according to a preliminary official statement.

The offering includes $36.325 million in series 2010A Build America Bonds, $37.403 million in series 2010B recovery zone economic development Build America Bonds and $6.32 million in series 2010C bonds.

The bonds (Aa3//AA-) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager. The co-managers are Citigroup Global Markets Inc. and Morgan Keegan & Co. Inc.

The maturities have not been set.

Proceeds will be used to acquire and construct a major league baseball spring training facility on 126 acres owned by the county for the Boston Red Sox.

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