GOV
Forest Park Debt Information
The Forest Park Bonds are special obligations of the St. Louis Municipal Finance Corporation payable solely out of rental and additional rental payments derived by the Corporation from leasing the Forest Park improvements to the City.
The information provided on this website does not constitute an offer or solicitation to sell or buy securities and does not constitute a recommendation for the purchase or sale of any security. This site is not intended to replace any information or consultation provided by a professional financial advisor or tax advisor. See terms of use.
Important Note
All of the information set forth below is historical and subject to change. Investors must read the entire final official statement ("OS"), as well as any updated information regarding these bonds made available by the City of St. Louis (the "City") at the Municipal Securities Rulemaking Board's Electronic Municipal Market Access ("EMMA") website www.emma.msrb.org, to obtain the information essential to the making of an informed investment decision.
Project Description
Forest Park is one of the largest urban parks in the United States, encompassing 1,293 acres in the western portion of the City. Forest Park is home to the region's most important cultural institutions, including the Missouri History Museum, the St. Louis Art Museum, the St. Louis Science Center, the Municipal Opera Theatre, the World's Fair Pavilion, the Jewel Box, Steinberg Rink, and the St. Louis Zoo.
From its opening on June 24, 1876, Forest Park has been a beautiful and serene place, while also full of excitement and discovery. No other place is as uniquely St. Louis as Forest Park. It has witnessed some of the City's greatest achievements, such as the 1904 World's Fair and the welcome-home celebration for Charles Lindbergh. The attraction of Forest Park stems from its excellent location in relation to major roads and highways, the simplicity of its natural beauty, and the diversity of its uses for millions of visitors each year.
From its inception more than 120 years ago, Forest Park has been a magnet for St. Louisans. In 1896, Forest Park had 2.5 million visitors. Today, between 10 and 12 million visitors—5 times the population of the region—visit Forest Park and its many attractions every year.
Bondholder Security
The Forest Park Bonds are special obligations of the St. Louis Municipal Finance Corporation (the "Corporation"), payable solely out of rental and additional rental payments derived by the Corporation from leasing the Forest Park improvements to the City. The City has covenanted, subject to annual appropriation, to pay rental and additional rental payments at such times and in such amounts as are necessary to prevent default in the payment of principal or premium, if any, and interest on the Forest Park Bonds. The City's payments are subject to annual appropriation by the City. If the City fails to budget and appropriate payments in any fiscal year, the lease will terminate at the end of the fiscal year for which funds have been appropriated and the City will be required to vacate the Forest Park improvements.
For a more detailed description of the security for the Forest Park Bonds, please refer to the Official Statement for the bonds (link provided below) and to www.emma.msrb.org for any Continuing Disclosure Updates and Material Event Filings.
Bonds Outstanding
There is currently outstanding the following one (1) series of Forest Park Bonds with an aggregate principal amount of $15,425,000 as follows:
| Issuer | Series | New Money / Refunding | Par Outstanding | Final Maturity |
|---|---|---|---|---|
| St. Louis Municipal Finance Corporation | 2013 | New Money | $15,425,000 | February 15, 2026 |
Debt Service on Outstanding Bonds
Official Statements
- 2013: These bonds were privately placed and there is no official statement.
- 2015
