If you roll back the timeline this past year it's pretty clear what happened.
The bean counters at corporate HQ saw they were facing a financial issue, solution..raid the cong bank accounts and have every cong send a set amount every month. This gives you a cash injection and now you have a pretty good idea what your monthly income will be. Spin this as a streamlined arrangement and a "forgiving" of loans.
The problem wasn't fixed by doing that though. The bean counters saw what they collected and found out, nope, still not enough! Solution-the may broadcast. Lett begs for more money. That was their last ditch Hail Mary chance to salvage all their construction projects. It didn't work.
the final, and only choice left was what was leaked today..layoffs and suspending all but the Warwick project. i think they're in major financial trouble, long-term.