VIDEO: Bears eat 'bond' to mark end of Naples Zoo loan

Bears eat 'bond' to mark end of Zoo loan

Taxes will no longer be levied for ...

The black bears at the Naples Zoo had their cake and ate it, too, on Friday morning.

It was part of a celebration signifying the loan to purchase the land under and around the landmark zoo has been paid off.

The bond was paid off on July 31, said David Tetzlaff, Executive Director of the Naples Zoo.

"That is six years early," Tetzlaff said. "Isn't that incredible?"

Now that the loan is paid off, taxes will no longer be levied.

"The residents of Collier County, who voted to buy this zoo, will see their taxes drop," said Donna Fiala, Collier County Commissioner. "It won't be on their tax bill this year."

Learn more in a video report available in the player on the left.

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