Council approves loan write-off on NASCAR Hall of Fame (access required)

By: Roberta Fuchs January 13, 2015

CHARLOTTE – The City Council voted 10-1 Monday night in favor of paying Bank of America and Wells Fargo a total of $5 million in exchange for the two banks writing off $14.1 million in principal and an estimated $3.5 million in accrued interest on loans to the NASCAR Hall of Fame. The agreement, the ...

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Council approves loan write-off on NASCAR Hall of Fame

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