Quote:
Originally Posted by Roughneck
I don't really get what you're saying. Throw out a $10M bond to wait for a suit?
Goldwater's suit is based on the purchase of parking rights for $100M as well as the management fees, not simply selling bonds. GWI could just wait to file a suit until that transaction takes place.
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They could but their aim is to test the law, they have no particular reason to screw with the council or the bond issue, they arn't some group of random wackos, they are an award winning legal advocacy group and their aim is not to screw the deal per say but to uphold the law which I think they had some part in drafting.