Quote:
Originally Posted by Parallex
From that link:
Oh geez, that is not going to go over well with the GWI... the whole Bond Principle + Interest for the parking rights is debateable but I see no way that the $25M to cover losses can't be considered a gift.
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The ship might have sailed on that point when GWI didn't challenge the agreement when it was first made. But one can guess they would make a big stink about it if the Hulsizer deal continues to drag on, and the city is asked to make a similar guarantee next season.
But, in what will make an ironic twist, Hulsizer has already agreed to cover that $25 million once the deal closes. So, by opposing the deal, Goldwater is actively working to cost the city that $25 million they would otherwise get back.