Council Approves Bond Deal to Help Loyola High
From Times Staff and Wire Reports
The Los Angeles City Council approved a tax-exempt bond agreement Wednesday that would cost the city nothing but would benefit Loyola High School.
The approval allows the city to issue $30 million in tax-exempt bonds on behalf of the Catholic school, where Mayor Antonio Villaraigosa’s son is enrolled. No city funds would be at risk, according to a city analysis of the deal, which gives Loyola better financing than would be available through the private sector.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
