Rothesay will save 100 thousand dollars in interest payments thanks to a low-cost loan from the Canada Mortgage and Housing Corporation. Mayor Bill Bishop tells CHSJ News the 3.5 million dollar loan is being used to upgrade the town's drinking water supply.
It will see water connected to part of K-Park and a section of vacant land that could supply water to roughly 700 new homes.
Bishop says the project is practically done, but the low-cost loan will save the town money while paying off the bill.
