On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
65° Feels Like: 65°
Wind: SSE 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Scattered Thunderstorms 80°

Tonight

Scattered Thunderstorms 69°

Tomorrow

Thunderstorms 80°

Alerts

BPW Power Plant Bonds Go on Sale

by
An artist's rendition of the proposed new Holland BPW power plant (courtesy Holland BPW)
An artist's rendition of the proposed new Holland BPW power plant (courtesy Holland BPW)

HOLLAND, MI (WHTC) - Another way to invest in Holland’s future begins today.

The Tulip City puts municipal bonds out on the market to fund nearly three quarters of the 182 million-dollar cost for a new natural gas-fueled power plant to be built near 5th Street and Fairbanks Avenue, in the Eastern Gateway vicinity. City Council members three weeks ago approved the issuing of up to 195 million dollars in bonds to be paid back over a 25-year period, although about 160 million will be up for sale at an interest rate of between 4.2 and 4.3 percent, based on a Double-A rating by both Standard and Poor’s and Moody’s, whose agents sized up the city in a January visit.

The new power plant is slated to be built and be online by the end of 2016.

Comments