Savannah Convention Center Gets Boost to Bond Capacity for Hotel
- Lawmakers raise authority’s bonding capacity to $400 million
- Center’s recent expansion doubled amount of exhibit hall space
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The Savannah-Georgia Convention Center Authority, just wrapping up a $276 million expansion, is now set to tap the municipal market to finance a new hotel, thanks to legislators’ move to boost the agency’s bonding capacity.
State lawmakers raised its debt limit to $400 million from $50 million this session to help finance the facility, and the legislation is awaiting Governor Brian Kemp’s signature.