Bad economy saves money for city

Mathias Baden — Mon, 07 Apr 2008 22:37:09 -0500

A bad economy has resulted in low project costs and interest rates for the city of Jordan.

Interest rates are low, and the city is taking advantage of favorable timing to refinance on past loans. City officials are hoping the proposed fire hall expansion costs no more than expected. And contracting companies looking for work are offering to build things at competitive prices.

Water plant expansion

The city will pay just less than $4.1 million for its water treatment plant expansion, more than $800,000 less than the engineer's estimate.

Jordan Independent - Bad economy saves money for city - Comments

Bad economy saves money for city