Peoria approves up to $41M to patent PIC 2 land, seeks refinancing to cut interest costs Council approved a budget appropriation not to exceed $41 million to complete patent (purchase) of remaining PIC 2 state land; staff said state financing accrues interest and refinancing to government rates could cut interest roughly in half, with projected savings around $7 million over 10 years under current assumptions.

Peoria City Council just approved a groundbreaking $41 million plan to secure vital land, potentially saving $7 million through smart refinancing!

Learn more here

#PeoriaMaricopaCounty #AZ #CitizenPortal #BudgetAppropriation #LandPatenting #GovernmentFinancing #PeoriaInnovation