Thursday, February 3, 2011

Pharmasphere deal cancelled-FINALLY

Telegram story.  Should have been done two years ago!   Key Lines    "The city agreed to give PharmaSphere a $100,000 microloan and approved the company for a $2.5 million loan from a U.S. Department of Housing and Urban Development program".  Then further  "Mr. McGourthy said the city spent no money on its deal with PharmaSphere. By revoking the microloan and HUD loan, the city now frees up that

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