Gotta go to church in five minutes. Must explain that I’ve learned something that makes the information I laid out in the last post even worse.
That post suggests we are obligated to pay $45 million on our COP’s for Red Plan lease aid…..that will come from property sales. Guess what? Its more than that because all the interest we have to pay off over the years was not included. We will end up having to come up with $60 million dollars not just $45 million.
How stupid it would be not to accept the $14.2 million from DPSA instead of maybe a firesale $7 million years from now for the site. This is especially true if we can negotiate a long term enrollment cap on Edison……something we don’t have now. Hallelujah. Church choir here I come.
