Savannah may borrow $20 million for street, drain fixes | savannahnow.com

Assistant City Manager Dick Evans is recommending the city take out about $20 million in bonds to cover the cost of planned President Street and drainage improvements.

The costs of the projects came in about $10 million more than initial estimates.

In additition, the city owes the Savannah-Chatham school board about $10 million by the end of next year. The school board agreed to not take any of the income derived from a special taxing district along President Street about six years ago, in return for the payment.

via Savannah may borrow $20 million for street, drain fixes | savannahnow.com.