Baird company proposes bonds to help pay for La Crosse Center renovations
LA CROSSE, Wis. (WKBT) — City leaders are trying to determine how the $41.5-million renovation to the La Crosse Center will be funded.
Baird, an investment bank and financial services company, presented tonight how it could support the project.
The company suggested the City of La Crosse make bonds available to investors. An increased room tax rate and a portion of the property tax would then be used to pay those bond holders.
“The City Council will need to have additional discussion on this matter, consideration of the room tax levels that are appropriate, and to give us direction then to move forward to bring the issue to market,” said Baird Managing Director John Mehan.
The La Crosse Center Board hopes to present a finalized plan to the Common Council next month.
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