Monday, October 3, 2016

FRMC Amasses $475 million debt

"For perspective, this debt ($475 million) is equivalent to more than half of the state's annual support of SUNY."

Collects $58 million in rent per year.   

Note: Remember that some of the contractors are renting space in the ZEN building (M+W, EYP, perhaps ams)---see  http://zitiaffair.blogspot.com/2016/09/contractors-of-cnse-buildings-rent.html.

Ref: http://www.timesunion.com/tuplus-opinion/article/Editorial-SUNY-Poly-s-ominous-debt-9525086.php  October 1, 2016

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