Quote:
Originally Posted by Cowperson
I agree. Goldwater really looks like its stumped.
It's either go for the whole enchilada - winning the principle the city couldn't legally sign the deal - or get lost since anything less than total victory costs taxpayers $100 million.
And the more I think about it, the more it looks like the poison pill was designed for exactly that all or nothing purpose.
Goldwater = gnats.
Cowperson
|
Except, at the current interest rate (8%) and the threat of litigation, it is impossible to sell these bonds and Goldwater knows that.
Glendale needs to find a plan B and fast because these bonds aren't selling.