54,000,000 at 3% interest rate = 1,620,000!
54,000,000 at 1.5% interest rate = 810,000!
And that's just a basic look see for ease. How it would all translate over the course of the loan is for those more interest rate inclined among us. I just pulled numbers out for example, since we don't know in this case. If the loan is at market rates then... well what do I know.
And can they right off this project in their taxes? It is after all a "community project"
But the point still stands, if the loan is at a lower rate then market, the Casino is saving potentially millions in interest rates at the expense of small towns across America and the US Tax Payer.
But what do you care? The Senator in Question has a -D