Reading over the details of what is going on with the Cross Village dorms down at the University of Oklahoma is puzzling, to say the least. Just reading through the bulleted list in NonDoc’s recent article on the Cross Village settlement has me cross-eyed.
If you’re one of the community bankers who bought hundreds of thousands of dollars in bonds four years ago thinking that you were helping a public university, it’s a $251 million puzzle that is now a few pieces short since a settlement approved by the largest national stakeholders left all bondholders losing about $0.27 on the $1.
Those bondholders aren’t too happy about it, and it’s highly unlikely that OU President Joe Harroz would be either if he were in the metaphorical situation above.
On the other hand, creative business opportunities carry creative risks. With the Cross Village project standing as a public-private partnership where the third-party bonds were guaranteed only with lease revenue instead of the university’s general revenue, well … I told you it’s complicated.
Perhaps as freshmen move into Cross Village this fall, the finance majors will find their new living quarters to be an interesting case study in Price College of Business classes.
Past Sundaze comics
Sonic seltzer: The Oklahoma collaboration we didn’t know we needed
Gov. Meathead should bring back Onion Burger Day at the State Capitol
Budget match: The audience wants to go home
As mask mandate ends, remember not to litter
Everyone getting pegged with a charter school audit
Real ID: Thank you so much for playing my game
Gold Dome renovation could involve taxpayer subsidy
OU basketball says goodbye to Lon Kruger, Sherri Coale
Keanu Reeves in OKC? Excellent!
New depths of boredom after a year with COVID
Demolishing OU housing towers should be a breeze
Happy tastes good: Oklahoma wants to be Texas?
Rolling blackouts: Storm saga so confusing
You’re on your own: It’s too cold for Cupid this year
COVID vaccine: Never doubt what nobody is sure about
Oklahoma Legislature: A mask for thee, but not for me
Quite the quandary: Q followers feel let down
Pop quiz: What is jeopardizing the state of Oklahoma?
Imagine the day-to-day life of the Q Shaman
The year that was: 2020 blew up the bathroom
All we want for Christmas is more COVID-19 vaccine
The coronavirus turns into a pumpkin at 11 p.m.
Day of fasting a brief end for endless breadsticks?
Farewell Steven Adams, OKC’s second Mr. Thunder
Thanksgiving 2020 should be all about perspective
Mixed messaging on masks still makes no sense
Power problems lead to weird rituals after 2020 storm
Halloween 2020 more of a trick than a treat?
No ICU beds: The spooky movie of the season
Students surely making most of extra screen time
Epic fail? Audit yields more questions on public money
Rough Saturday for Sooners fans
Budget blockbusters from the Cox Convention Center?