Port and Islanders Bank Collaborate on SSL Building
Posted August 22, 2015 at 5:52 am by Tim Dustrude
Port of Friday Harbor & Islanders Bank Collaborate on Spring Street Landing Building – Contributed photo
The Friday Harbor Port Commission authorized issuing revenue bonds to support the construction of the Spring Street Landing Commercial Building. The building, currently under construction by Wellman and Zuck, is expected to be completed by early summer of 2016. The $2.5 million bonds will be purchased by Islanders Bank.
Progress continues on the excavation of the building site and work on site utilities. Some contaminated soils have been removed from the site by the excavation company, MEM Enterprises.
As part of the new financing package, the Port re-financed the 2014 General Obligation Bond that had provided funds for last year’s marina reconstruction project.
The Port Commission appreciates the patience of businesses and visitors along the waterfront during this construction season.
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