Hamilton creating new entities to foster mega sports complex – Hamilton Journal News

One reason financiers of such developers like such improvements is, “it’s a more stable credit, and it secures their debt to the property. So if a project goes belly-up, it’s not a consumer debt where it just liquidates the debt,” Vanderhorst said. “In this case, it attaches, just like a property tax. And so when somebody buys it, they buy it subject to the assessment, and the underwriters look at that as having equity in the project.”

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