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Allentown arena funding secured

Published On: Oct 02 2012 07:28:37 PM EDT

Bonds used to fund Allentown arena have been purchased

Funding for Allentown's hockey arena has been secured.

The city says all of the bonds that will be used to pay for the construction of the arena have been purchased by investors.

The bonds, totaling more than 224 million dollars, were underwritten by Citigroup Global Markets.

Mayor Pawlowski says the arena project can move full steam ahead.... now that the city has all the necessary funding.