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Post# of 54103
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PRmaniac

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PRmaniac

Re: Pisd post# 51672

Friday, 11/21/2014 2:07:12 PM

Friday, November 21, 2014 2:07:12 PM

Post# of 54103
Actually they can't use the land as collateral for the bonding financing. The IDA indicated that to a reporter in a news article recently. This is in the bonding rules. The IDA included it to protect their interests....in case MDNT defaults, the IDA would lose the collateral and have nothing.
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