The City of Marion is close to paying off the remainder of a $5.8 million bond issued in 2011 to help pay for projects, including the failed Old Y development.

At a Community Revitalization Enhancement District (CReED) board meeting last month, board members expressed a desire to pay the remainder of the bond in full earlier than its final scheduled payment of January 2021 to save on interest since the board has the funds to do so.

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