1. Icarus says:

    I posted similar on one of the older Grady threads, but the “plan”, as the Grady board has come up with has 3 parts to raise $125 Million:

    1) Count $5M that Fulton County has already given them,

    2) Ask Fulton and Dekalb County for $20 Million more, and

    3) Ask Fulton and Dekalb County to guarantee the $100 Million in new debt.

    The board is confident that they can then solve Grady’s problems, offering no new specifics whatsoever.

    So, their plan is esssentially, Fulton and Dekalb need to give us $125 Million, and we’ll go back to business as usual until we run out of money again next year.

    It’s time for Grady to get a new board.

  2. rugby_fan says:

    Don’t worry, no nobles here in Georgia.

    The squires are safe.

    It’s good to know someone is looking out for the nobility. They are an often overlooked part of society.

  3. Jmac says:

    Why not haggle a bit over the length of the loan – make it 25 years for instance – and push it through? As the story notes, there’s merely the need for a guarantee and not necessarily any actual tax levied.

  4. Jmac says:

    Of course, in fairness, Erick aren’t you supportive of the attempt to move Grady to a nonprofit status? And isn’t that what Eaves wants to do?

    So isn’t being critical of his hesitation off the mark?

  5. ChuckEaton says:

    “Two lending institutions, Morgan Keegan & Co. and Citigroup, have agreed to provide $100 in loans”

    There is nothing really innovative about this. I’m sure they could probably get a dozen other lending institutions to “agree” to provide a loan as long as Fulton or Dekalb agree to co-sign for it.

  6. Jmac: Eaves wants to restructure. What Eric has reference to is what Jesse Jackson’s sidekick Joe Beasley says the issue of restructuring is all about: “It’s about race,” he says.

  7. SouthFultonGuy says:

    Once again folks…Rainbow Push, Joe Beasly and Jesse Jackon do not speak for all Black People folks….don’t anoint my representatives and I won’t anoint yours…

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