Sierra Vista, Ariz., to Sell $16.1M in Education Facility Revenue Bonds

Dow Jones01-28

By Chris Wack

The Industrial Development Authority of the City of Sierra Vista in Arizona plans to sell $16.1 million of Series 2026 education facility revenue bonds to loan to Desert Star Academy, an Arizona non-profit corporation.

Desert Star Academy intends to use the proceeds to finance or refinance the purchase, construction, improvement, renovation and equipping of land and charter school facilities located in Fort Mohave, Ariz., according to documents posted on MuniOS.

Interest on the bonds is payable semiannually on each June 15 and Dec. 15. Rates and yields haven't yet been determined.

The bonds are special limited obligations of the Industrial Development Authority.

The authority is a non-profit corporation designated a political subdivision of the state of Arizona, and isn't pledging its general credit for the bonds.

Desert Star Academy is an organization operated exclusively for charitable and educational purposes as a charter school under Arizona laws.

Some of the proceeds will be used for constructing a 30,000-square-foot, two-story pre-engineered metal building for high school classrooms and a sports stadium. The project is expected to cost about $12.1 million, and be substantially completed by March 2027.

Hilltop Securities is listed as senior managers for the sale.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

January 27, 2026 18:50 ET (23:50 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Rates and yields haven't yet been determined. \n\n\n  The bonds are special limited obligations of the Industrial Development Authority. \n\n\n  The authority is a non-profit corporation designated a political subdivision of the state of Arizona, and isn't pledging its general credit for the bonds. \n\n\n  Desert Star Academy is an organization operated exclusively for charitable and educational purposes as a charter school under Arizona laws. \n\n\n  Some of the proceeds will be used for constructing a 30,000-square-foot, two-story pre-engineered metal building for high school classrooms and a sports stadium. 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