CNN Inside Man December 30, 2013 03:08:00
Floors. but most of this giant building is empty. as if thats not bad enough they spent $32 million on two other parking garages next door which they also defaulted on that also arent being used. throw in a couple of other pet projects, and all told, stockton wracked up a pretty hefty bill. they decided to pay for it the old-fashioned way. they borrowed for it. by issuing municipal bonds to cover the costs of the projects. but when the housing bubble burst, the tax revenue they were counting on ...
Source: archive.org