Monday, May 16, 2016

Texas high school to build $62.8 million football stadium

Liquidation will force bankruptcies at the federal, state, and local levels. It will quickly turn good ideas into bad ones as tax revenues supporting bond payments dry up faster than someone can say who's dumb idea was this? Right now, few are listening, and the majority doesn't want to hear about it, so the wheels of foolishness will continue to grind until someone screams, we can't make our payments. Only a fool would invest in questionable bond offerings as interest rates rise and the global economy contracts. As the old saying goes, there's a sucker born everyday, means no shortage of eager buyers.

Headline: Texas high school to build $62.8 million football stadium

Everything's bigger in Texas, especially when it comes to football.

A school board in McKinney, Texas, just outside of Dallas, approved a $220 million bond proposal over the weekend, which included the construction of a 12,000-seat, $62.8 million football stadium, according to The Dallas Morning News.

Representatives from McKinney's school district did not immediately respond to CNBC's request for comment.



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