Already Over Budget

On Monday evening council unanimously agreed to change a bylaw that will now see the city repay the loan over the next 31.5 years with an interest rate of 3.99 per cent. That rate will stay the same over the entire life of the loan with the city to make semi-annual payments of just over $2.8 million.

http://www.cjme.com/story/regina-council-votes-4-interest-100-million-stadium-loan/236430

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s