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Originally Posted by You Need a Thneed
So, they won't proceed because they know that the deal will certainly fall through if they don't proceed? That doesn't seem to make a lot of sense.
The only way this deal could possibly work for them is if they do proceed, and win a threatened lawsuit. If they knew that what they are doing is legal, they woulld have proceeded as soon as it became apparent that GWI wasn't going to back down.
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It has been suggested that they (Glendale) has just been getting the finger-pointing ready because they know GWI wont back down so they can't get the lower rates, hoping the NHL will kill the deal (so they can save face). That's just speculation of course but it seems as plausible as thinking they believe that the rates will decrease because Goldwater will back down.
As for it not making sense, you're right on the money there. Nothing in this whole thing makes much sense.
Quote:
Originally Posted by Lchoy
Sorry if this is a dumb question
What's GoldWater's Stake in this? Is there a benefit to them if they sale falls through, or are they acting on behalf of the taxpayers in the city?
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Their stake (as they tell it) is that they can say they upheld Arizona's constitution and protected taxpayers. Ideally they'd hope for donations from people who share a similar view that taxpayers shouldn't be propping up private businesses and such.
Either way its about money really.