Auction Blues - As interest rates escalate,
new construction projects are seeking alternative funding
Author: Pam Sherborne
Date: April 30,2008
Equity Seat Right (ESR) packages may be one answer to the
funding crisis that is impacting major stadium projects nationwide.
Official reaction to the escalation of interest rates on
“auction-rate” finance packages tends toward “it
doesn’t impact us” or “reports are greatly
exaggerated,” but obvious...