Our Ball park bonds are costing us too much

Posted in the Secor Forum

JWRussell USNR

El Paso, TX

#1 Aug 1, 2013
Seems the city cannot sell the bonds at the set rate as they previous proposed. They have had to raise the percentage rate so there will be buyer for the bonds. The company evidently stated that this is the result of the City of Detroit going bankrupt. The estimated additional costs is around $17,000,000.
For those El Pasoans who voted in the park and for a reluctant ex-mayor who was not sure whether to all the whole thing to start, we thank you for bending the voters of El Paso over for the extended anal probe and prostate exam.

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