Wayne County officials will break ground Thursday morning on a new $300 million, mostly bond-financed lockup in downtown Detroit.

The county currently operates three jails and hopes to save money by consolidating services and costs at one facility.

The county in December 2010 sold $200 million of recovery zone economic development bonds as an initial financing for the facility. A final tax-exempt borrowing that could total another $200 million is expected sometime this year.

The jail bonds are secured by Wayne County’s general obligation pledge.

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