Rick and Vog,
you both are comical,general obligation bonds will be used as these carry a better interest rate and are secured by City which is the "secured" borrower and the City has a great credit rating.
Plus the City is the "Borrower",not the Braves/Mandalay.
The Durham Bulls..the management company is on hire from Jan 1 2012--August 31 2012. 8 months,this because the Minor League not the "Bulls" were running this and 'Minor League Baseball" had plans for a minor league baseball Museum,camps and clinics,tournaments at DAP which were not carried out,marketed wrong.
So the 'Bulls" not to blame here,"Minor League Baseball" as owners have been replaced.
Mandalay might be a part of this once City,Bulls,Minor League Baseball' work out roles.
More information about formatting options