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Actually this letter is about RIAC's seemingly endless desire to borrow to the max. Since the glycol loan isa "parity loan" it places Clean Water at parity with EDC thus requiring RIAC to notify Clean Water of new loan events.

RIAC will no longer have PFCs to maintain the other airports under its control if the runway extension moves forward. This puts Block Island, Westerly and Newport in danger of closing. That is why the new RIAC president wants to dump these other airports.

From: Airport project financing built on field of dreams

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