Prospect Lake Water Treatment Plant Financing

At a glance

• What: financing for the Prospect Lake water treatment plant.
• Where it stands: On 2026-09-02 the Commission adopted resolutions for a $121.25 million water/sewer subordinate bond and a note of about $1.18 billion for the Prospect Lake plant.
• Next: Not stated in the sources read.

Details

• The action summary lists the bond and note as adopted resolutions. Terms beyond the amounts were not read.

Sources

• Legistar action summary for the meeting, read: https://fortlauderdale.legistar.com/Calendar.aspx

Log

2026-09-02 - City Commission

• Resolutions for the $121.25 million water/sewer subordinate bond and the roughly $1.18 billion note adopted.

2026-11-02 - Infrastructure Advisory Board

• Advisory board heard the plant started September 8, reached 20 MGD, and Five Ash was shut off October 8. Contract capacity 50 MGD; FY27 average use about 36 MGD.