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Floors. but most of this giant building is empty. as if that's not bad enough they spent $32 million on two other parking garages next door which they also defaulted on that also aren't 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 dried up, and stockton found itself unable to pay back the loans. you know, it's interesting becau...

As if that's not bad enough that. >> spent $32 million on two other parking garages next door which they also defaulted which also aren't 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 dropped, and stockton found itself unable to pay back the loans. >> you know, it's interesting, because stockton was this -- was this boomtown, th...

As if that's not bad enough they spent $32 million on two other parking garages next door which they also defaulted which also aren't 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 dropped, and stockton found itself unable to pay back the loans. >> you know, it's interesting, because stockton was this -- was this boomtown, this b...

As if that's not bad enough that. -- owe they spent $32 million on two other parking garages next door which they also defaulted which also aren't 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 dropped, and stockton found itself unable to pay back the loans. >> you know, it's interesting, because stockton was this -- was this boo...