LOS ANGELES – The San Diego City Council Infrastructure Committee on Monday approved $121 million in lease revenue bonds for street repairs, public safety building improvements, and a variety of other projects.

The proposed issuance is part of a $500 million plan approved by the City Council four years ago to help the city catch up on an estimated $1 billion in deferred infrastructure projects, said San Diego Councilman Mark Kersey, chair of the Infrastructure Committee.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.