Refinancing the Evergreen Bonds // Eliot Singer
Something else that was mentioned in the ELi story about the Dublin Square project was the DDA wanting to refinance the bonds for the Evergreen properties.
We went round and round about this for years and years. City officials, with DDA approval, did something incredibly stupid issuing those bonds in 2009 to buy properties at 3 times market value when the economy was in collapse and with a developer who should never have been allowed within a million miles of public money. Rather than … Read more →