re: Technical Analysis of Non-Recourse Tax-Increment Bonds in Reference to Lot 1 Bond // Mark Ladenson

Just so I understand, is the point of your post to question whether the planned refunding in 2020 can actually be pulled off; and if it can’t, to alert us to the looming “major implications” of the city having to make a balloon payment in 2020 to redeem the December 2017 loan of $25,265,000? I ask because you make what seems to be a strong case for doubting that the refunding can be pulled off, but, except perhaps for your sentence that includes the phrase, “balloon payment”, I don’t see a discussion of the consequences of the failure of that … Read more →

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