debt

'Sports complex' allocated millions in proposed city budget; project yet to be publicly discussed

The proposed Bettendorf city budget would allocate more than $15 million to build a "sports complex" that has yet to be discussed publicly by aldermen.

The budget – which will be discussed at an all-day public work session Saturday (2/11) – includes $2 million for purchase of land for the "sports complex," more than $2 million for roads, lighting and sewer extensions for the project, and lists the issuance of $11.2 million in debt (bonds and notes) to finance the facility construction.

Lee pays off Berkshire Hathaway debt early; lays off eight St. Louis Post-Dispatch news employees

In an interesting coincidence involving Lee Enterprises' largest newspaper, the St. Louis Post-Dispatch, the Davenport-based media firm announced it had paid off debt related to acquisition of that paper in 2005, while confirming today (6/26) it was laying off eight St. Louis newsroom employees.

City debt tops $132-million as city council begins developing next capital spending plan

Bettendorf aldermen will begin discussing next year's capital spending plan later this month after closing the books on the past fiscal year with a mountain of debt – $132.2 million to be precise.
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