New PC Airport on NPR

[Uncle Timmy]

An interesting story on NPR about Panama City's new airport:

http://www.npr.org/templates/story/story.php?storyId=16443583

 

[Mango]

from NPR: "Panama City's airport authority hopes to have its financing in place and details worked out so it can begin construction of the new airport by the middle of December."
I'm confused. Didn't they have a ground breaking ceremony last month?
and why wouldn't they have already had financing and details lined up?

 

[Smiling JOe]

Yes, Mango, but 8 shovels are cheap.

 

[Mango]

Yes, Mango, but 8 shovels are cheap.

But the snacks to feed Shelly were not.

Just surprised that they still haven't ironed out the financing. Most Banks are usually crawling all over commercial loans, unless they are being stringent with lending in that area as well.

 

[Smiling JOe]

JOE probably paid for the snacks.

 

[beachmouse]

With a project like that, there are probably multiple, multiple funding sources, many of them grants only allowed to cover specific parts of construction.

 

[Matt J]

They have alot of land clearing and general site prep before they can start digging footers.

 

[SHELLY]

The "ground breaking" was merely windowdressing so JOE had something to mention during its conference call besides its plunging losses and flurry of pinkslips for its employees.

I'm sure they'll be finding credit a bit tight too....maybe floating some bonds--good luck with that!


.

 

[Babyblue]

Has anyone been up 79 lately?

 

[Babyblue]

JOE probably paid for the snacks.

SJ, who is the chick in the Santa suit?