Bond Financing for California Multi-Use Sports ParkNews | May 1, 2015
A team of Kutak Rock attorneys, led by partners Fred Marienthal and Micah Halverson of the firm's Denver office, served as borrower’s counsel in a $20 million bond financing for the SilverLakes Equestrian and Sports Park in Norco, California. Kutak Rock represented Balboa Management Group, LLC who will use the funds for the construction of the multi-use sports park. The California Statewide Communities Development Authority issued the $20 million revenue bonds on February 26, 2015.
The SilverLakes Equestrian and Sports Park will be approximately 122 acres and will include up to 25 full-size soccer fields, equestrian facilities and special event areas. The complex aims to be a local, regional and national venue for a variety of community, corporate and cultural events, including national horse shows and soccer tournaments.