The concept is currently in the planning or pilot phase.
The plan is to fund the stores with municipal bonds. (These are typically structured like mortgages, with scheduled interest and principal payments that reduce the outstanding debt over time.)
I don't know if the bonds will be GO (general obligation) or basic Revenue bonds. Probably the latter.
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Those will be loans for grocery stores in NYC's 'food desserts' in Herlem and elsewhere. Just one of several improvements to the lives of the 99%.
"Loans".
The concept is currently in the planning or pilot phase.
The plan is to fund the stores with municipal bonds. (These are typically structured like mortgages, with scheduled interest and principal payments that reduce the outstanding debt over time.)
I don't know if the bonds will be GO (general obligation) or basic Revenue bonds. Probably the latter.