Spokane Bondholders May Get Some Help

Williams, Rochelle
June 2001
Bond Buyer;06/04/2001, Vol. 336 Issue 31152, p42
Trade Publication
Reports that the Spokane Parking Public Development Authority, operator of the troubled River Park Square mall parking garage, will request a loan from the Spokane, Washington City Council to pay attorneys who represent investors to avoid a payment shortfall to bondholders. Use of the loan to reimburse U.S. Bank for legal fees to have sufficient funds available to pay out the principal and interest.


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