Business

Port of Pasco approves sale of $4.4M in bonds

The Port of Pasco has raised more than $4.4 million through the sale of limited tax general obligation bonds.

It will partly help pay for site improvements and construction of a new building at Osprey Pointe, the port's proposed riverfront business park near Oregon and Ainsworth avenues, and other capital projects.

On Thursday, the port commission formally approved the bond sale.

Also, the commission received a update from Hal Hiemstra, with Ball Janik, a law firm in Washington, D.C., about potential funding opportunities in Congress for port projects.

The board also discussed a draft report on protective covenants and restrictions for the proposed Tri-Cities Airport Business Center.

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