The Maine College of Art has dropped its request that Portland taxpayers subsidi
The Maine College of Art has dropped its request that Portland taxpayers subsidize the interest on a $1.6 million loan it wants from the city. The college last month asked Portland officials to lend it $1.6 million at 3 percent interest over 30 years. The city would have to borrow the amount at between 5.5 percent and 6 percent interest, meaning Portland taxpayers would have to pay between $842,000 and $1.2 million over the life of the loan. The college would still like the loan, at whatever interest rate the city receives. Details.
Maine College of Art -- Portland
"The Maine College of Art has dropped its request that Portland taxpayers subsidi" (1994). Maine News Index – Portland Press Herald. 12277.