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    « Why Others Have No Debt, Or Less Debt ... | Main | Fitch Downgrades Capistrano's Bond Rating »

    April 28, 2011


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    Clint Worthington

    It was originally financed for 30 years and at 30 years it was unable to pay the bills. So, the brilliant decission was made to refinance it for 40 years. It still could not pay the bills, so this Toll Road received a cash infusion from the other Toll Road so it did not default on the bonds.

    Now, they want to refinance it another 6 years. Wow, what a boondoggle.

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