IBank Loan Profile: City of Redlands
City of Redlands
LOCATION: Redlands, CA
AMOUNT APPROVED: $3,030,000 – ISRF
DATE ISSUED: May 24, 2016
ABOUT: The loan goes toward a second portion of Redlands Streets Project that includes approximately 27 lane miles of the City’s Pavement Accelerated Repair Implementation Strategy (PARIS). IBank approved $3,050,000 for the first tranche of funding in 2014. The second portion includes upgrading public streets, enhancing curb appeal for existing businesses, and attracting new businesses.