It's quiet at ballpark work site
From the Winston-Salem Journal:
Loan that is being negotiated will need OK from state commission
City officials last month rushed to consider and approve $15.7 million in assistance for the downtown baseball stadium, partly because they said they needed to move quickly to secure the loans that would complete a critical project.
But the loans that were at risk were the ones taken out by the team owner, not the city.
Now, city officials have delayed a vote by a state agency that must approve the city's own loan. The city is borrowing the money, which it will then turn over to Winston-Salem Dash owner Billy Prim, who is to pay the money back over 25 years.
It is not clear how the delay will affect construction.
Loan that is being negotiated will need OK from state commission
City officials last month rushed to consider and approve $15.7 million in assistance for the downtown baseball stadium, partly because they said they needed to move quickly to secure the loans that would complete a critical project.
But the loans that were at risk were the ones taken out by the team owner, not the city.
Now, city officials have delayed a vote by a state agency that must approve the city's own loan. The city is borrowing the money, which it will then turn over to Winston-Salem Dash owner Billy Prim, who is to pay the money back over 25 years.
It is not clear how the delay will affect construction.
posted by Andy W. Rogers | 9:23 AM
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