Tuscaloosa, Alabama has $35 million for infrastructure projects

March 7, 2016

By Jason Morton, Staff Writer, Tuscaloosa News

City officials confirmed this week that $35 million has been secured to fund the planning and construction of a series of infrastructure projects across Tuscaloosa.Website Insert Real Numbers copy

The money, which came from the sale of the general obligation warrants, will be repaid at a rate of about $1.872 million per year, which is slightly less than the annual $1.9 million payment that city officials expected.

“It turned out better than either of us expected,” said Mike Wright, the city finance director.

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