The City of Greensboro is going to borrow the money to purchase the GPAC properties


"2 years and a variable interest rate", after which they intend to borrow over another 25 years at whatever interest rates are available in 2 years.

Anyone seen longer term interest rates lately?

An economic riddle; What does cognitive dissonance feel like when the top knows what most don't?

Longer term financing costs have risen dramatically inside of a few months.

What could the lock in cost be in 2 years?

Why borrow the money when the city has plenty of cash to spend?

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