Phoenix Industrial Development Authority plans $80.86 million of bonds

By Sheri Kasprzak

New York, Sept. 29 – The Industrial Development Authority of the City of Phoenix, Ariz., plans to come to market with $80,855,000 of series 2014A education facility revenue bonds for the Great Hearts Academies Project, said a preliminary official statement.

The bonds will be sold through Baird & Co. Inc.

The bonds are due 2024, 2034 and 2044.

Proceeds will be used to finance or refinance the costs of constructing, acquiring, improving and renovating five charter schools in the Phoenix area.

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