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City of Fort Walton Beach finalizes financing for 12-acre Preston Hood Athletic Complex expansion
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City of Fort Walton Beach finalizes financing for 12-acre Preston Hood Athletic Complex expansion
The City of Fort Walton Beach has secured financing for the Preston Hood Athletic Complex expansion, selecting Webster Bank from seven competing lenders to provide a $7.5 million loan at a 4.08% fixed interest rate. The City Council voted 6-1 Tuesday to approve Resolution 2026-02, which authorizes the loan agreement and allows construction costs already incurred to be reimbursed through the debt issuance. Finance Director Nicole Nabors said the…
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