Highlighting the importance of bonds to Minnesota, the touring "Built By Bonds" roadshow this week bumped "Jesus Christ Superstar" from the marquee of the State Theater in Minneapolis.
"Built By Bonds" signs on the theater and other bond-financed structures in the Twin Cities area on Monday heralded the arrival of "Built By Bonds" week in Minnesota. The promotion, aimed at increasing public awareness of bonds, was sponsored by the Public Securities Association in cooperation with the Minnesota Institute of Public Finance.
In the last five years, state and local governments have issued $9.9 billion of bonds to finance the construction of numerous projects, including the Minnesota History Center in St. Paul and the Stearns County Law Enforcement Center in St. Cloud. according to a Public Securities Association press release.
In conjunction with "Built By Bonds" week in Minnesota, the Public Securities Association said that percentages of educational and housing bond issuance in Minnesota outpaced those in other states from 1988 to 1992.
Between 1988 and 1992, 18% of bonds issued in Minnesota were for educational institutions, compared with 15% nationwide, the association said. About 15% of bonds issued in the state during that time financed housing projects, compared to 10% nationally.