# Public safety rebuild could cost up to $48M with bond interest

https://www.rblandmark.com/2026/10/22/public-safety-rebuild-48m-bond-interest/

Riverside’s project to rebuild its inadequate combined police and fire facilities could cost the village up to $48 million over the course of 20 years as Riverside pays interest on $29.9 million in bonds it needs voter approval to issue. Finance Director Mary Emmanuel on Thursday, Oct. 15, told trustees that a “high-end estimate” of 5% interest on the bonds would see the village paying back $18 million in interest over the 20-year lifetime of the debt. This figure has already been factored into the village’s online calculator breaking down a homeowner’s monthly and annual tax burden

Image: https://i0.wp.com/www.rblandmark.com/wp-content/uploads/2024/07/Riverside-police-and-fire-station_By-Ben-Stumpe-scaled.jpg?fit=1024%2C683&ssl=1

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Canonical URL: https://qwibbit.com/q16368

Created: 2026-10-22T18:33:45.700626+00:00

Last edited: 2026-10-22T18:33:45.700626+00:00

Board: 3

Origin: Syndicated

Original source: https://www.rblandmark.com/2026/10/22/public-safety-rebuild-48m-bond-interest/