Ramapo ballpark refinancing plan reaches first base
Photo credit: Angela Gaul | Provident Bank Park is home to the Rockland Boulders baseball team in Pomona. (March 9, 2012)
The Ramapo economic development agency that issued $25 million in short-term bonds to build the town's baseball stadium is planning to refinance the loan as long-term debt instead.
The Rockland Local Development Corp., which initially issued the five-year bonds, received town approval to refinance Monday during a town board meeting. The green light puts the municipality on the hook to cover...
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