Debt Portfolio
The Port of Olympia issues bonds from time to time as approved by the Port Commission.
Investments Funded by
Your Tax Dollars
The Port uses General Obligation Bonds to finance many of its capital projects. It pays the bonds off with a combination of operating income and property tax dollars. The schedule below details the outstanding principal balances of the Port’s bond debt as of June 30, 2015. The schedule also lists capital projects by business unit that have been financed in whole or in part by bonds from the 2005 bond debt series through 2013, which is the most recent issue.
Yearly Bond Information
2015 Refunding Bond
- East Bay Redevelopment
- Marine Terminal Berth Dredge
- Marina Dock Rehab
- Cascade Pole Site Capping – Environmental
2016A LTGO Bond and Refunding Bond
- East Bay Redevelopment
- Marine Terminal Berth Dredge
- Marina Dock Rehab
- Cascade Pole Site Capping – Environmental
2016B LTGO Bond
- Lacey Commerce Business Center
- Tumwater Cleanwater Development Improvements
2018A LTGO Bond and Refunding Bond
- Marina Fuel Dock
- Stormwater Treatment Facility
- Cascade Pole Site Improvements
2018B LTGO Bond and Refunding Bond
- Marine Terminal Equipment
Key Bank Loan 7
- Airport and New Market Industrial Campus Facilities
2013 Bond Issue
The Port proposed a 2013 bond issue in its 2013 budget document. On July 22, 2013, the Port Commission approved a General Obligation Bond issue. Subsequently, Port staff issued $16.7 million at 3.7%.
