Lease in 2021 and 2022 was tied to the Debt Service on the 28 million of Series B Bonds:
- 2021 $1,315,225
- 2022 $1.342,750
Total $2,657,975
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In the signed lease on page 157
- 2021 $32,171 (That's it!!!!)
- 2022 $177,635
Total $209,806
That is a difference of $2,448,169
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Keep in mind that this is amortized debt.
If your debt payment are $2,657,975 and the Worcester PawSox only pay $209,806.
Guess who makes up the difference???
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