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Monday, March 27, 2006

Kiryas Joel borrows $4 million for new center

Kiryas Joel officials have borrowed $4 million through bonds to finish building a massive convalescence center for mothers on a hill behind the village fire station. They plan to cobble together state and federal grants, a mortgage and private donations to pay off the debt in one year, Village Administrator Gedalye Szegedin said last week.

The entire project is expected to cost $9 million.

http://www.recordonline.com/archive/2006/03/26/brf405.htm

Comments:
why borrow the $$$$why cant aaron foot the bill?

 

What a racket.

 

B'Yumim HoHaim B'Zman Haza. Look at the big Kolel Bais Medrash for inspiration. Another international embezzeler might come forward, and ask for Pesach out of jail to go to Atlantic City with a few hookers (ala Reb Shalom Weiss)

 

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