The GTA board did not participate in the 2016 Michigan Finance Authority's State Aid Note loan program, and instead approved a $2.33 million bond issued on the school's behalf on September 6, 2016 by registered owner Traverse City State Bank.
A $2,341,536.74 balloon payment is due to TCSB on August 26, 2017.
The truth as told by the documents, Part 2. (Part 1 is available at this link.)
When you dig a ditch, lie in in, and cover yourself with dirt, you can't cry about how dark the world has gotten.
