Quote:
Originally Posted by afc wimbledon
I think we can both agree that doing this months earlier makes more sense. I seriously cannot see any reason why the city choose to leave the bond issue until the 11th hour.
|
Well they've been putting this bond issue together for a long time, but there are moving parts in deals like this right up until closing. Heck, when the market was in full swing things were signed up with major terms reserved for post closing agreement. I'm sure they would have loved to have closed this months ago, but it's not that simple, and GWI's influence/interference has really turned things into chaos.
There was likely a lot of behind the scenes things happening here that had people on either side convinced they were in the clear one second and totally hooped the next. A lot of moving parts and a lot of politics.