Eastwood Downtown Development Authority bond payments add up

By Rachel Beard
Lansing Township News Staff Reporter

In order to develop commercial areas to their fullest potential, it is common for governments to rely on bonds to pay for these developments. Lansing Township is no exception. But at the end of the day – or fiscal year – who is responsible for paying off these bonds? “The DDA (Downtown Development Authority) pays all of the bond payments,” Lansing Township Treasurer Leo Rodgers said. “No bond payments are made from Lansing Township’s operating budget.”

What exactly does this mean?