CHICAGO - Plans for a hotel and convention center in Michigan financed by so-called 63-20 tax-exempt bonds advanced last week when the Grand Haven City Council approved design plans for the project.

Under the plan, Grand Haven will create a state-approved nonprofit that will issue roughly $20 million in tax-exempt bonds through the city to finance construction and operation of a six-story hotel and 24,000- square-foot convention center located on the Lake Michigan shore in the western Michigan town.

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