Port Arthur Sets GO Sale; Port Commissioners OK $50M of Facilities Bonds

DALLAS — The city of Port Arthur plans to offer $9 million of general obligation bonds competitively Tuesday for upgrades to park and recreation facilities, drainage improvements, and a new fire station.

This is the first issue from a $17 million GO authorization passed by voters in November. The bank-qualified bonds are structured as serials reaching final maturity in 2028. Insurance will be at the bidder’s option.