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The Center City Revenue Finance Corporation and the Downtown Parking Authority are empowered to issue tax-exempt bonds for public development projects or taxable bonds for the construction of private development projects that may serve a public purpose.
Bond issues have been utilized for the construction of public parking garages, housing projects that include an affordable income component, and publicly owned sports or entertainment complexes.
For more information on how bond issuance can support a large-scale project in Downtown, contact the CCC Development Department at 901.575.0540
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