Lowell, Oregon (June 2019) – The City of Lowell, Oregon announces the acquisition of land to accommodate future growth. The recently purchased sites will serve as the new locations for City Hall, a park and a new library with groundbreaking scheduled in the fall of 2019. The selection process will start soon for the builder. The city applied for a partial grant from the Oregon Parks & Recreation Department and chose The Urban Collaborative to provide the designs. Hoping to utilize an additional grant from the Ford Family Foundation, the City of Lowell selected Government Capital Corporation as the most cost effective financing solution for the remaining construction costs.
“Government Capital made the financing seem effortless. They walked me through each step of the process and responded quickly to all our questions and needs,” stated Jared Cobb, City Administrator.
Jana Offutt, Client Services Specialist of Government Capital Corporation commented, “With the current economic environment, municipalities are constantly searching for alternative funding options. Our ability to customize financing while utilizing a combination of other resources, allows our clients to obtain the funding needed for project completion.”
About The City of Lowell, Oregon
The City of Lowell located in Lane County, Oregon, has an estimated population over 1,080. Nestled along the foothills of the Cascades, Lowell is on the north shore of the Dexter Reservoir on the Middle Fork Willamette River. Filled with scenic historic covered bridges, the city is known for its wild blackberries, wildflowers and the annual April Oregon Association of Rowers’ Covered Bridge Regatta. For more information, visit ci.lowell.or.us.
About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to cities and all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Oregon and across the nation. For more information, visit govcap.com.
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