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Ooops ... Cowboys' new stadium using variable-rate loans

Discussion in 'Sports and News' started by Football_Bat, Jul 2, 2008.

  1. Football_Bat

    Football_Bat Well-Known Member

    And guess who's holding the bag: Arlington taxpayers ... to the tune of millions.


    They partly financed JerryWorld like a trailer house.

  2. PeteyPirate

    PeteyPirate Guest

    I don't think that's terribly unusual. The rate changed because their bond rating went down. Now they're refininancing and paying fees in order to do so. I see this happen a lot to businesses these days.
  3. beefncheddar

    beefncheddar Guest

    I'll admit to being no tax expert, but from RTFA it appears that there's pretty much no problem at all.
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