HT: Pam Strickland
Clarification: My belief that Knox taxpayers will be on the hook should the church bail should not be confused with the details of the original report, which I question. When are folk going to stop living like something can be had for nothing and stop assuming that this is all fine because a bank will clean up the mess no strings attached to the taxpayers? Just try and convince me that Suntrust won't pass the costs of a bailout on to taxpayers.
UPDATE: The Knoxville church benefitting from the bonds is First Baptist Concord. According to its latest financial report, FBC's personnel budget is $3.9 million.
UPDATE: Here's a report from July on how the church expansion plans concern the surrounding neighbors. It appears to boil down to a fear that an 8,000 member church outnumbers the voters in the local neighborhoods. FBC says that tried to reassure neighbors by saying that it wants to spend $37 million in order to "help people grow spiritually." I'm still trying to figure out what spiritual growth has to do with tens of millions of dollars.