Sounds like Solyndranomics at work. The radio station doesn’t have a viable business plan. It’s customers have reneged on their promises to pay. It hasn’t found any other revenue sources. It takes out a loan, but hasn’t restructured to make sure that loan can be paid. If they couldn’t get their existing customers to pay their obligations, where in the world are they going to get the revenue to pay the debt PLUS interest?
The SLC city council is just as stupid as the depart of no-energy. Every government at every level across the land is infested with idiots.
They are not stupid. They are beholden to the liberal media to hold their various ponzi schemes together. Lately it appears that they are running out of other people's money. That is the reason that the recent "lending" has been getting so blatant.