Thursday, November 19, 2009
Carnegie Hall Selling Bonds to Remodel, Refinance
Bloomberg.com: "Carnegie Hall, the 118-year-old landmark concert venue in midtown Manhattan, is offering $110 million of bonds to remodel rental studios into an education wing and replace debt frozen in the auction-rate market last year."
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Although I think that landmarks such as this should be eft as they are, it's also good to be current. For example, all of he elevators on campus sure are handy. Also, if this helps to alleviate some of the debt through interest, then I guess desperate times call for desperate measures. In this case, though, i would think it's a win-win situation.
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