TNCowboy
Double Trouble
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No, the City of Arlington paid like $350M of the total.SaltwaterServr;2791551 said:Jerry's financed the entire * thing people. The 350 Million was in addition to the $700 plus million he already has borrowed.
Doesn't anybody have any kind of memory or is it wiped clean with every new day? He's mentioned in interviews years old now that he has financed the stadium.
Nobody who has this kind of money is dumb enough to sink that much into it and let it sit there. Even if it is generating profit, and an interview that Jerry did about 2 years ago said the break over point would be years down the road before the economy tanked, you don't sink that much of your personal capital into the stadium.
Think about it logically. If you have $500K, do you pay cash for a $400K house and then go invest the remaining $100K? Or do you finance the necessary portion to avoid a jumbo rate loan and invest the $350K instead?
Which is smarter? $350K earning you income or $100K earning you income?
Lemme think.....