East Lansing residents who were petitioning for the right to vote on financing the public portion of the City Center II project through municipal bonds fell short of their goal by 98 percent, said Ted Staton, East Lansing city manager.
The public portion of the project will include the parking garage, and the selling of bonds is expected to be capped at $30 million. They are expected to be repaid by tax dollars the project generates and by revenue from the parking garage.
