By Dan McGowan, WPRI.com Reporter
Published: October 26, 2016, 1:10 am Updated: October 26, 2016, 10:44 am
PROVIDENCE, R.I. (WPRI) – With Providence’s proposed $40-million infrastructure bond all but dead, Elorza administration officials now say they are considering borrowing funds through an obscure city agency that does not require voter approval to issue a bond.
It remains unclear how much money the city would seek to borrow through a revenue bond issued by the Providence Public Buildings Authority (PBA), but the administration considers the agency a “viable alternative” to obtain funding for infrastructure projects, according to Emily Crowell, a spokesperson for Mayor Jorge Elorza.
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