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Borrowing $105 Million for $1 Billion

Tuesday, 7 Aug 2012 | 2:51 PM ET

The San Diego school district of Poway borrowed $105 million to build and remodel schools. That alone is not unusual, except the loan they took will end up costing taxpayers nearly $1 billion to pay back, reports CNBC's Herb Greenberg. Will Carless, Voice of San Diego staff writer, and Marilyn Cohen, Envision Capital CEO, weigh in.