This page contains a single entry from the blog posted on February 12, 2010 2:15 PM. The previous post in this blog was Your sewer bill dollars at work -- for bicyclists. The next post in this blog is Have a great weekend. Many more can be found on the main index page or by looking through the archives.

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Friday, February 12, 2010

Paulson stadium loan deal revealed

We have finally managed to wrest from the City of Portland the proposals that it has received for "temporary" (up-to-five-year) financing of the city's $12 million share of the upcoming re-renovation of PGE Park. The proposal that the city has selected, from Bank of America, is here. The proposals that were rejected were from JPMorgan Chase, Umpqua Bank, and Wells Fargo. As noted yesterday, the scheduled closing date for this borrowing has been pushed back from February 5 to March 10.

We'll add these documents to our weekend light reading list, but given that the city's been guarding them closely, we thought just having them was news enough for a Friday afternoon post.

Comments (2)

Be interesting to know how they get past the temporary financing rule of repayment due in 13 months??
A line with an auto renew set for 12?

There is no such rule that I can find.

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