Originally Posted By: Fast and Furious

Not sure why the change. You didnt mention how much they recieved. Is it a capital cost or cost of operations, that comes up short?


Without the infusion of grant money and tax credits, the debt service would have been more than the cash flow from operations could service. The principal amount of the debt and debt service would have been much higher than the project could sustain. Basically, without a huge free down payment on the project there would be no ability for the project to produce excess cash flow that goes to CCAP.
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