What's Hot

    Tucson Planning to Study Data Center Restrictions

    September 17, 2025

    Goodyear P&Z Recommends Rezone for Estrella 14 Master Plan

    September 16, 2025

    Vestar Planning New Retail Mixed-Use in North Phoenix

    September 16, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [September 17, 2025] - Tucson Planning to Study Data Center Restrictions
    • [September 16, 2025] - Goodyear P&Z Recommends Rezone for Estrella 14 Master Plan
    • [September 16, 2025] - Vestar Planning New Retail Mixed-Use in North Phoenix
    • [September 16, 2025] - Scottsdale to File Notice of Claim Over Axon Bill
    • [September 16, 2025] - Industry Professionals 09-16-25
    • [September 16, 2025] - Commercial Real Estate 09-16-25
    • [September 12, 2025] - Tempe DRC Recommends Approval for 72-Unit Live-Work Development
    • [September 12, 2025] - Input Prices Up 0.2% in August
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. ✎ Planning & Development
      3. 📰 Local News
      4. 🔎︎ Classifieds
      5. 🕵 Editorial Analysis
      6. 💰 Budgets & Funding
      7. 🏢 Commercial Real Estate
      8. 👔 People on the Move
      9. 🌵 Arizona Projects
      10. 🏛️ Legislation & Regulations
      11. 📈 Trends

      Goodyear P&Z Recommends Rezone for Estrella 14 Master Plan

      September 16, 2025

      Vestar Planning New Retail Mixed-Use in North Phoenix

      September 16, 2025

      Tempe DRC Recommends Approval for 72-Unit Live-Work Development

      September 12, 2025

      Goodyear Seeking Developer for Ballpark Village Mixed-Use

      September 10, 2025

      Tucson Planning to Study Data Center Restrictions

      September 17, 2025

      Scottsdale to File Notice of Claim Over Axon Bill

      September 16, 2025

      HonorHealth to Build on Former Amkor Site in Vistancia

      September 2, 2025

      Buckeye City Council Discusses Annexing Land for Community Master Plan

      August 29, 2025

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      RTA Funding Proposal Stirs Controversy

      August 15, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Commercial Real Estate 09-16-25

      September 16, 2025

      Commercial Real Estate 09-09-25

      September 9, 2025

      Commercial Real Estate 09-02-25

      September 2, 2025

      Commercial Real Estate 08-26-25

      August 26, 2025

      Industry Professionals 09-16-25

      September 16, 2025

      Industry Professionals 09-09-25

      September 9, 2025

      Industry Professionals 09-02-25

      September 2, 2025

      Industry Professionals 08-26-25

      August 26, 2025

      Arizona Projects 09-12-25

      September 12, 2025

      Arizona Projects 09-05-25

      September 5, 2025

      Arizona Projects 08-29-25

      August 29, 2025

      Arizona Projects 08-22-25

      August 22, 2025

      Scottsdale to File Notice of Claim Over Axon Bill

      September 16, 2025

      Environmentalists Sue ADWR Over Benson-Area Developments

      September 2, 2025

      Pima County Latest to Amend Zoning for Data Centers

      August 22, 2025

      Tucson City Council Likely to Approve Water Restriction on Large

      August 19, 2025

      Input Prices Up 0.2% in August

      September 12, 2025

      Construction Employment Down for Third Straight Month

      September 9, 2025

      Construction Job Openings Up 77,000 YoY

      September 5, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Tucson Planning to Study Data Center Restrictions

      September 17, 2025

      Goodyear P&Z Recommends Rezone for Estrella 14 Master Plan

      September 16, 2025

      Vestar Planning New Retail Mixed-Use in North Phoenix

      September 16, 2025

      Scottsdale to File Notice of Claim Over Axon Bill

      September 16, 2025
    • AZBEX
      • Subscribe
      • Solicitations
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Hospitality LMS
      • 2025 Public Works Conference
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    AZBEX
    Home » Planning & Development » Yavapai County Mulls Bond Issue for Prescott Jail
    Planning & Development

    Yavapai County Mulls Bond Issue for Prescott Jail

    BEX StaffBy BEX StaffNovember 8, 2019No Comments2 Mins Read
    Credit: Daily Courier
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Cindy Barks for Daily Courier

    Yavapai County could be poised within the next four months or so to borrow upwards of $68M to pay for a new jail in Prescott.

    And if that occurs, initial site work could be underway at the chosen jail location along Prescott Lakes Parkway by about July 2020.

    During a study session in Prescott Wednesday, Nov. 6, the Yavapai County Board of Supervisors heard a report from Stifel Public Finance consultants about the process necessary for a bond issue to finance the estimated $68.5M cost of a new 144-bed jail.

    While the supervisors took no vote this week, a decision on whether to bring Stifel on board to handle the bond-issue underwriting process is expected to be on the board’s agenda for its meeting on Nov. 20.

    BORROWING PROCESS

    Earlier this year, the county approved a property tax increase, with the intention of annually putting about $4M of the additional revenue toward the cost of a new jail in Prescott.

    This week’s presentation was the kick-off of the discussion on how to finance the cost of the jail to allow construction to begin in 2020.

    Stifel consultants Grant Hamill and Randie Stein told the supervisors that the steadily increasing revenue through the existing one-quarter-cent jail sales tax (Jail District Excise Tax), combined with the county’s lack of any other outstanding bond debt, should make for a relatively low interest rate for the bond issue.

    FUTURE STEPS

    After the supervisors decide whether to bring Stifel on board on Nov. 20, a decision is expected in December on the choice of an architect for the project. A construction manager at risk could also be chosen that month.

    Although the exact amount of the bond issue is yet to be determined, Bourdon said the cost of the jail is projected at $68.5M.

    Stifel’s presentation included numbers for a $70M bond issue, indicating that the estimated annual debt service (the amount the county would have to pay toward the bond each year) would be about $5.3M.

    Bourdon said the county likely would pay back the bond issue through a combination of property-tax revenue, jail sales tax revenue and general fund revenue.

    Read more at Daily Courier. (Login Required)

    Criminal Justice Facility jail Prescott Stifel Public Finance Yavapai County Board of Supervisors
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Goodyear P&Z Recommends Rezone for Estrella 14 Master Plan

    September 16, 2025

    Vestar Planning New Retail Mixed-Use in North Phoenix

    September 16, 2025

    Tempe DRC Recommends Approval for 72-Unit Live-Work Development

    September 12, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Tucson Planning to Study Data Center Restrictions

    September 17, 2025

    Goodyear P&Z Recommends Rezone for Estrella 14 Master Plan

    September 16, 2025

    Vestar Planning New Retail Mixed-Use in North Phoenix

    September 16, 2025

    Scottsdale to File Notice of Claim Over Axon Bill

    September 16, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Local News

    Tucson Planning to Study Data Center Restrictions

    September 17, 20250

    By Roland Murphy for AZBEX Coinciding with its rejection of a proposed annexation and development…

    Goodyear P&Z Recommends Rezone for Estrella 14 Master Plan

    September 16, 2025

    Vestar Planning New Retail Mixed-Use in North Phoenix

    September 16, 2025

    Scottsdale to File Notice of Claim Over Axon Bill

    September 16, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Tucson Planning to Study Data Center Restrictions

    September 17, 2025

    Goodyear P&Z Recommends Rezone for Estrella 14 Master Plan

    September 16, 2025

    Vestar Planning New Retail Mixed-Use in North Phoenix

    September 16, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.