St. Luke’s seeks DEDA’s bonding help
July 29, 2012 at 7:00 pm in Duluth News Tribune
As St. Luke’s hospital expands the size of its downtown medical campus, the health-care provider is turning to the Duluth Economic Development Authority for financing help.
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Why exactly cant st lukes afford this without making the DEDA give them a sweeter deal?
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Because they can afford it more at a lower interest rate.
Look at it this way: At least money would be going to a business that’ll still be open in five years.
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For that long, and that amount of money, the interest-paid between 3% and 5% is over $33,000,000 alone.
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i could ensure a business for that long with that amount of cash anyday lol
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