Yankton City Commission approves selling bonds for new aquatics center

YANKTON, S.D. (WNAX) – The Yankton City Commission Monday night approved selling up to $14 million in revenue bonds to finance construction of the Huether Family Aquatic Center in Memorial Park.

Toby Morris with Dougherty & Company, an investment banking firm, told the commission they will start with the taxes raised yearly.

Morris says the commission will have the final say in selling the bonds.

Morris says the sale could happen quickly.

City Finance Officer Al Viereck says the bond interest rate now is projected between 1.56 to 2.7 percent.