Correction to this morning’s post as to why MAW didn’t go to a bank for the loan -because there’s not a legitimate bank in this country that would have given MAW a $1.5 million dollar loan.
Please see the comments under this post and there will be much more on MAW to come this week.
This coming Thursday, August 27th, there will be a special city council meeting beginning at 6:00 pm regarding the rezoning request by UPMC Pinnacle to go from Hospital Complex to Mixed Use. Please see the notice and agenda below and mark your calendars.
WHERE’S THE MONEY, MAW?
From the LNP Watchdog article by reporter Dan Nephin, “With settlement between city broadband provider MAW, PPL what’s next?” (click here).
So, this is LNP’s way of stating that MAW is not making their monthly payments on the $1.5 million dollar loan the city gave MAW. Why didn’t MAW go to a bank for the loan? Because they knew they weren’t going to pay it back.
And business administrator Patrick Hopkins said it wasn’t risky at all to loan them a million and a half dollars. So, what happened, Patrick? How many millions has this debacle cost the citizens of Lancaster?