The DCC has locked in $90 million, of the $109 million Stadium loan, at 6.4 % from 2011 to 2016.
This is a wise move as interest rates are rising steadily, and seem certain to continue rising, due to massive borrowing from Governments world-wide to pay for their "stimulus" spending.
The Stadium loan is for 20 years so there is still an interest rate risk after 2016, but the Council move is the best that could be done.
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