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Sat Feb 14, 2004, 06:34pm
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It's like all lease purchase programs, an investment banking company is the one who buys the paper. The turf company is owned nothing. The school signs a lease agreement with the banking company.
It's just like a lease purchase on a car. Actually the turf does have resale value. I have learned something in my many years on this earth, if it can be financed, it will be. LOL 
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