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Montgomery’s Big Bond Move | Birmingham News
Montgomery’s bold $375 million bond plan—backed by a solid AA rating from S&P—is poised to fund massive upgrades including a $200M convention center expansion, new sports complex, housing improvements, and neighborhood revitalization. But city council resistance looms, with members questioning the scale and urging priorities like police and sanitation. Mayor Reed celebrates the financial green light as proof of Montgomery’s fiscal strength—and future potential. S&P warns that poor operating results could trigger a downgrade, but strong economic growth and smart debt management could push the…
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