Jul 16, 2019
9:17:53am
9:17:53am
The state is guaranteeing the loans which allows the Yewts to borrow the funds with a lower interest rate. If the Yewts
default on their payments then the taxpayers of Utah are on the hook to pay back the loans.
Note the Yankees built a parking garage with bonded money about 4 years ago. They then defaulted on the loans (even though they are a profitable business) and the taxpayers of NY are now the proud owners of terrible (and expensive) parking garage....
Note the Yankees built a parking garage with bonded money about 4 years ago. They then defaulted on the loans (even though they are a profitable business) and the taxpayers of NY are now the proud owners of terrible (and expensive) parking garage....
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