Lancaster First
Lancaster, Pennsylvania

LCCCA Financing Plan Presentations
Including Financial Details

At the LCCCA Finance Committee meeting on December 13, 2006, three PowerPoint presentations were shown to the public. These were also briefly presented at the LCCCA board meeting on December 14, 2006.

The "LCCCA Plan of Finance" explains in great detail where funding for the project is supposed to come from, and how it would be spent. This includes the details of a number of assumptions about the future cash flow of the proposed convention center. CLICK HERE to read this document (.pdf format).

The "Interest Rate Swap Discussion" explains how the LCCCA plans to sell its right to open market interest rates, in exchange for a "guaranteed" constant interest rate for 40 years. The plan is for both Wachovia and the LCCCA to profit from this risky arrangement. CLICK HERE to read this document (.pdf format).

The "LCCCA Finance Committee Presentation" briefly explains the LCCCA's cash flow for Q1 and Q2 of Fiscal Year 2007, along with a brief projection of the remainder of FY 2007. CLICK HERE to read this document (.pdf format).


updated December 28, 2006 at 10:00 AM

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