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

[Football_Bat]

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

http://www.star-telegram.com/business/story/736289.html

They partly financed JerryWorld like a trailer house.

Incredible.

 

[PeteyPirate]

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.

 

[beefncheddar]

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