Quote:
Originally Posted by Parallex
At face value I imagine the rational is that they're saving the taxpayer the tax revenue loss incurred by misestimates of the parking revenues used to back the municipal bond (ye ol' throwing good money after bad).
Frankly I don't see why the City didn't just refer the question as to whether the deal is constitutional to an Arizona court at the onset and avoid the whole pissing contest with GWI to begin with (or can they do that? I know gov't has done that in Canada). I mean it's not like anyone wouldn't have seen this coming a mile away given all that's happened over the past several years.
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My guess is their own lawyers told them they would probably lose.