https://www.ohio.com/news/20190412/ua-se...on-stadium

The Rubber Bowl sez, “It only took a decade for Infocision to have problems it took me half a century to develop!”

Akron still owes $4.3 million over 19 years on InfoCision?

That works out to be about $82 million.

If you figure they've been paying already about 10 years they'll end up paying $125 million for a $71 million dollar stadium.

(04-16-2019 09:52 PM)Kit-Cat Wrote:  Akron still owes $4.3 million over 19 years on InfoCision?

That works out to be about $82 million.

If you figure they've been paying already about 10 years they'll end up paying $125 million for a $71 million dollar stadium.

Yes, there is something called interest and the time value of money. Did you really think they paid cash or got a 0% interest loan to build?...

(04-17-2019 08:20 AM)kreed5120 Wrote:  

(04-16-2019 09:52 PM)Kit-Cat Wrote:  Akron still owes $4.3 million over 19 years on InfoCision?

That works out to be about $82 million.

If you figure they've been paying already about 10 years they'll end up paying $125 million for a $71 million dollar stadium.

Yes, there is something called interest and the time value of money. Did you really think they paid cash or got a 0% interest loan to build?...

Hard work is great. But wealth? That's where the real money is.