City refinancing Ford Center

May 5, 2016

The Evansville Redevelopment Commission has approved refinancing the bonds for the Ford Center.

Mayor Lloyd Winnecke says the move will save the city $20 million over 23 years.

He says a combination of sources is paying off the bonds, including gaming revenue, food and beverage taxes, and tax increment money.

Winnecke says the combination will change slightly.