Comments on: Century Approves Half Million Dollar Repayment Note For Highway 29 Utility Relocation http://www.northescambia.com/2026/09/century-approves-half-million-dollar-repayment-note-for-highway-29-utility-relocation Local News for Molino, Bratt, McDavid, Century, Walnut Hill, Cantonment Tue, 22 Sep 2026 01:47:08 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Voices in Pensacola http://www.northescambia.com/2026/09/century-approves-half-million-dollar-repayment-note-for-highway-29-utility-relocation/comment-page-1#comment-598797 Voices in Pensacola Wed, 02 Sep 2026 21:40:46 +0000 http://www.northescambia.com/?p=632988#comment-598797 The 0% interest rate is very nice. But there’s more to it. Even nicer is the fact that as inflation erodes the value of the dollar, over time the Town will pay back the loan at a face value of $522,555, but that amount will be worth less than that because the dollar’s value over the next 14 years will decline. Same dollar bill, but it may only be worth 65 cents in today’s value by then. Not good for the loan provider. Great for Century. The 0% interest rate is very nice. But there’s more to it.

Even nicer is the fact that as inflation erodes the value of the dollar, over time the Town will pay back the loan at a face value of $522,555, but that amount will be worth less than that because the dollar’s value over the next 14 years will decline. Same dollar bill, but it may only be worth 65 cents in today’s value by then.

Not good for the loan provider. Great for Century.

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