Council authorizes Great Park CFD bonds to finance infrastructure for Improvement Area 11 Council authorized issuance of special‑tax bonds for Community Facilities District No. 20, Improvement Area 11 (Great Park) with staff asking for a not‑to‑exceed authorization of $155 million to allow market variability. Advisors recommended market timing for issuance; staff expects about $134 million in borrowing for park infrastructure.

The council has just greenlit a $155 million bond issuance to kickstart the Great Park infrastructure, paving the way for a transformative community space!

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Man made peaks from construction crews as they convert Marine Air Base to Great Park. The Suns rays thru the clouds.

#BlueSkyArtShow #Sunlight #IrvineGreatPark #Photography was at the retired El Toro Marine Corp Air Station for a Bicycle Race (Crit). This was the view behind me. You can see part of the Big Orange Balloon. May 2016.