The District of Columbia Council authorizes up to $460 million in revenue bonds to finance renovations and new construction for Provident Group -.
The District of Columbia Council has approved the issuance of up to $460 million in revenue bonds to support Provident Group - Bison Properties Inc. in financing ongoing renovations and new construction for properties located at 2225 Fourth Street, NW, 2251 Sherman Avenue, NW, 500 Harvard Street, NW, and 511 Fairmont Street, NW. The bonds will fund the acquisition of long-term leasehold interests in a student dormitory, deferred maintenance and capital improvements, equipment and furnishings, working capital costs, interest on the bonds, and other related expenses.
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