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Post by BrainFerentz4Prez on Jan 13, 2019 9:18:56 GMT -6
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Post by NOTTHOR on Jan 14, 2019 9:16:28 GMT -6
It is unclear from the article if the issue is a revenue bond or a general obligation bond. If it is a general obligation bond, it's probably fine because Coralville will just raise property taxes to pay for the project. If it is a revenue bond, meaning the holders' source of recovery is from the revenue the project generates and the underlying liquidation value if it goes tits up, I'd steer clear. There are already decent indoor venues nearby for events. Given the fact that the architect's rendering includes someone videotaping on a fucking flip phone, my guess is they are shysters. I'd need to see the indenture to tell you more, but I ain't gonna read it, so:
***Furiously hits comically large "DON'T BUY" button repeatedly***
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Post by BrainFerentz4Prez on Jan 14, 2019 10:21:46 GMT -6
Me gusta.
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