Summary
Wichita Falls just wrapped up a massive headache by settling an old loan dispute with Carter Aviation for $2.29 million. This closes the book on a costly legal battle that's been dragging on for a while.
At a glance
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Impact analysis
The city has to shell out $2.29 million to settle the dispute, but it finally puts an end to ongoing legal expenses.
Local taxpayers and city leaders benefit because this expensive drama is finally over and done with.
The city's bank account takes a $2.29 million hit to pay off the settlement.
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