Redwood City to Sell up to $65.4MM Lease Revenue Bonds for New Veterans Memorial Building/Senior Center Project

Redwood City Veterans Memorial Building Construction Thompson Builders

The City of Redwood City is pleased to announce the details of its upcoming sale of up to $65.4 million in tax-exempt lease revenue bonds. Proceeds from the bond sale will be used to provide financing for the first phase of the new Veterans Memorial Building/Senior Center at Red Morton Park.

Phase 1 improvements include a new Veterans Memorial Building/Senior Center (VMBSC) with a theater, catering kitchen, multi-purpose rooms, senior club room, wellness/Adaptive Physical Education rooms, non-profit partner offices, gardening space, roof top track, and mini-gym that includes pickleball courts. Programs that seniors are receiving now for free or low-cost will continue at the new VMBSC. On May 24, 2021, the Redwood City City Council awarded construction of Phase 1 to Thompson Builders Corporation of Novato.