MOBILE, Alabama — The Mobile City Council today approved a $13.7 million bond issue, a portion of which was needed to complete the GulfQuest maritime museum, now under construction on the west bank of the Mobile river.
The debt issue passed on a 5-2 vote, with council members John Williams and Bess Rich dissenting.
The bulk of the loan, $10.7 million, will go to refinance bonds issued in 2001, the remaining $3 million to the museum’s construction.
Tony Zodrow, executive director of the nonprofit GulfQuest museum board, said that he and his board members remained unsure whether the measure would pass right up until the moment the council members cast their votes.
If the council had refused to issue the new debt, the museum would have been built, but it would have lacked certain finishing touches such as landscaping, utility tie-ins and other infrastructure.
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