What will $7.5 million cost the taxpayers to borrow over 20 years. ??

Don Quixote Note: This is what a 20 year term borrowing of 7.5 Million would like as far as annual repayments:

Amortization schedule is Based on a 20 year borrowing at MFA spring Borrowing rate of 3.15%  (Good for first 10 years and then revised for subsequent 10 years) on a $7.5 million loan. Each year the charge to the taxpayers would be 251,863.13 +236,250 (Interest) = $488,113.13  http://mfa.bc.ca/long-term-lending-rates. (The annual amount needed after 10 years could be revised upwards or downwards at that time.)
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A Jan 3 schedule done at the then applicable rate of 2.90% was originally posted at http://vernonblog.blogspot.ca/2013/01/sports-complex-price-tag-reduced.html
Total annual charge THEN would have been $469,363.16.