Millcreek Common Parking and Bond Financing
Millcreek City
Summary
The Community Reinvestment Agency advanced financing for Millcreek Common Phase II by authorizing up to $25 million in revenue bonds backed by favorable AA+ credit ratings.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 28, 2025.
Impact analysis
Issuance of up to $25,000,000 in sales tax and tax increment revenue bonds repaid primarily through project-generated revenues.
Millcreek residents gain expanded community gathering spaces, new retail, and residential options downtown.
Mentions & discussions (2)
Millcreek City Council - Jul 28, 2025
The Community Reinvestment Agency advanced financing for Millcreek Common Phase II by authorizing up to $25 million in revenue bonds backed by favorable AA+ credit ratings.
Millcreek City Council - May 27, 2025
The city is moving forward with a $25 million bond to build a multi-level parking structure and support Phase II development at Millcreek Common, including a hotel and retail space. Officials noted that lease revenues and generated taxes will cover the debt, keeping financial risk low for taxpayers.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Millcreek City
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.