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The Community Redevelopment Agency approved a resolution authorizing up to $7.2 million in revenue bonds to fund enhancements at the event center at Walton & One, including the front plaza, public spaces, supporting warehouse facilities, and planning for future expansion.
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The agency signed off on borrowing up to $7.2 million to pay for upgrades tied to the event center at Walton & One. The money is also intended to cover planning work for a possible future expansion of the center. According to staff, the bond will be repaid only from CRA tax increment revenues, and it is not for stadium improvements.
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