NEWS OF THE WEIRD

Latest Religious Messages

Posted

The evangelical educational organization Answers in Genesis, which has established a series of children's books and a creationist museum, announced recently it will enter the bond market to fund its most ambitious project — a creationist amusement park centered around a "life-size" reconstruction of Noah's Ark, for which it estimates it will need at least $73 million from investors. Issuing bonds might be seen as desperate since AiG has raised only $13.6 million privately since proposing the Ark-park, but a Georgetown University finance professor, contacted by Slate.com, suggested the bonds' terms place them in the high-risk "junk bond" category (perhaps better described as "faith-based," having virtually no resale value and without an independent bond rating). o

No comments on this story | Add your comment
Please log in or register to add your comment
 
Download our dojax app
What do you think? Browse
Who is Northeast Florida's 'Best Righteous Crusader' and why?
Best of Jax ballot released on July 30 will ask this question and many others