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The Park District Board has approved the refinancing of $1.2 million in bonds.
The Park District originally issued $2.5 million in bonds in 1991 to pay for the expansion of Centennial Park.
The refinancing, approved earlier this month, will save the district about $50,000.
“It ($50,000) is a lot of money for us. We wanted to take advantage of it (lower interest rates),” Park District Director Bob Porter said.
