Credit crisis will delay IVH project
TIMES-REPUBLICAN
POSTED: October 11, 2008
State Treasurer Michael Fitzgerald said Friday plans for issuing $183 million in bonds will have to be delayed until the credit market loosens.
The bonds were planned to fund several projects, icnlduing the Iowa Veterans Home expansion in Marshalltown. Other projects included in the bonds were prison expansions in Rockwell City and Mitchellville.
Current credit woes are preventing investors from funding bonds at this time, said Fitzgerald.
It could be weeks or even months before the bonds can be issues, added Fitzgerald.
