Quote:
Originally Posted by TorqueDog
Because he doesn't have an answer for it.
Here's a question - why not buy the arena NOW instead of in five years?
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leveraging assets.
if you are going to get a sweet AMF (allegedly higher than market value) and the NHL/Glendale is going to subsidize you, why would anyone want to spend more money than they have too?
better to keep your liquidity and invest it in other ventures - the risk is being borne by others...better to buy T-bills with that money as the stadium depreciates and you can buy it for less in 5 years.