LA Sells $400 Million in Munis After Sunset Boulevard Pipe Burst

AI Summary

The Los Angeles Department of Water and Power is planning to sell $400 million in water revenue bonds to finance an infrastructure overhaul following a pipe burst on Sunset Boulevard that closed part of the street for several days. This move aims to address urgent water infrastructure needs and restore affected services.

The Los Angeles Department of Water and Power plans to sell $400 million of water revenue bonds Tuesday to help finance a sweeping infrastructure overhaul that has drawn fresh scrutiny since a ruptured pipe shut part of Sunset Boulevard for several days.