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1390 Funding Update
 
We still owe close to $3 million for our unprecedented 1390 expansion project. If you can help, click on "Find Out How" on the right side of our homepage. KGNU recently finished paying our debt to the previous owner of 1390 AM. We did so with donations and private loans at 0 to 5% interest rate.
Thanks to all our private lenders, plus a ?bridge loan? from the Bank of Denver, plus the timely intervention of the Boulder Municipal Employees Federal Credit Union, we were able to wire $500K to the previous owner by Friday, December 30, meeting an important deadline and thus saving $76K (half of the accrued interest over the past year and a half).
 

 

Created:01/06/06, Modified:02/10/06, expires:03/05/06, priority:9