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Borrowing $105 Million for $1 Billion
The San Diego school district of Poway borrowed $105 million to build and remodel schools. That alone is not unusual, except the loan they took will end up costing taxpayers nearly $1 billion to pay back, reports CNBC's Herb Greenberg. Will Carless, Voice of San Diego staff writer, and Marilyn Cohen, Envision Capital CEO, weigh in.
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Borrowing $105 Million for $1 Billion
The San Diego school district of Poway borrowed $105 million to build and remodel schools. That alone is not unusual, except the loan they took will end up costing taxpayers nearly $1 billion to pay back, reports CNBC's Herb Greenberg. Will Carless, Voice of San Diego staff writer, and Marilyn Cohen, Envision Capital CEO, weigh in.
Date: 8/7/12
Views: 1649
Video by:  CNBC
 
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