Members of the Montgomery City Council will consider advancing a new $375 million bond issue at their meeting on Tuesday.
According to Tuesday’s agenda, the city council will vote on a resolution expressing official intent to incur not-to-exceed $375,000,000 tax-exempt general obligation warrants, series 2026B.
The $375 million in bonds would go towards funding various city projects, a downtown arena and convention center expansion, and bond service fees.
Montgomery Mayor Steven Reed has been a proponent of a downtown multi-purpose arena and expanded convention space. A preliminary step towards an expanded arena and convention space happened in December 2025 when a majority of the Montgomery City Council voted to purchase the former Montgomery Advertiser building.
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