Ameritrust deal: Will your $15 million be safe?

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Peter Lawson Jones describes the $15 million loan as "a minor inconvenience."
We mentioned Monday that the K&D Group, the Willoughby development company that offered to take the Ameritrust complex off the county’s hands for a cool $35 million, is now negotiating for a $15 million loan. According to Commissioner Peter Lawson Jones, K&D would put $20 million down, and the county would loan the remaining $15 million over a two-year period…
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