Metropolitan Planning Organization recommends $11m for roundabout at 96th and Keystone

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  • 123SNL456

    “If funding comes through, Brainard suggests that Carmel could use a state
    program that allows the city to turn money over to the state for 75
    cents on the dollar to receive funding three years earlier, in 2017.
    That would lead to around $7 million, and Brainard said it could make a
    big difference for the project…..”

    Seems like an expensive payday loan scheme – it should not be too big of a surprise, when the fiscal past practices of Jim are taken into account. Remember, Jim used a short term “instrument of participation” which had a high interest rate and $16M pre-pay penalty, knowing full well that he would be needing to refinance.