Originally Posted by Bagels
hnewman--
The state of MN, not the MAC, provided the loan to NW. IIRC, the amount borrowed has since been repaid twice + then some, although NW continues to owe well more than it borrowed. It’s alleged that NW has asked, and been rejected, for credits against its out-of-pocket expenses for MSP improvement/expansion projects.
Bagels one of your facts is incorrect. Northwest did borrow from the MAC
1992 APRIL: NWA receives the loan from the Metropolitan Airports Commission and gives half of the $270 million to Bankers Trust, its primary lender.
http://www.leg.state.mn.us/lrl/issues/nwa.asp