GC...what do you think about a public offering of Hamilton Muni Bonds backed by collateral from the Colgate endowment to finance a new rink? Interest rates are low and the school most likely has good credit standing. Kind of in the same vein of Don Brownstein's 1987 article on the financing of a shopping mall (touched on in BBerg Markets if you've been keeping up with that lately)...Hamilton Township could lease the space to Colgate Athletics, using the lease payments (funded by the school) as collateral for the bond with a transfer of ownership somewhere in the fine print. I have a strong feeling that you're the only person on the board with the expertise to pass judgment on such outlandish ideas.
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