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BPW Municipal Revenue Bonds Selling Like Hotcakes

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) -- The planning for the construction of a 114-megawatt power plant that the Holland BPW will build near 5th Street and Fairbanks Avenue has been in the works for quite a while.  On Wednesday, the pricing and sale of nearly $159-million in municipal revenue bonds was approved during a joint session between the BPW and Holland City Council.  BPW General Manager Dave Koster says a lot of work went into the marketing of the bonds.  Information was put on the BPW website and in local newspapers beginning on March 3rd.  The retail pricing went into effect this past Tuesday, March 18th.  The bonds are being sold in $5-thousand increments and according to one local investment group, there are still some available.  The bonds are exempt from Federal and Michigan state income taxes.

Story by:  Diane E Coston

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