Quote:
Originally Posted by killer_carlson
And it is something of a moving target how much actual cash Katz puts into the calculation.
I really have to wonder about the strategy in this Seattle play. It is not being well received in Edmonton. I wonder of the damage to the recall brand through this ploy as well.
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Actually, I disagree and thats the problem. Katz has committed to putting in a fixed amount and thats his limit and he expects the city to cover the difference.
Katz has committed to $100M on a $400M+ arena and he isnt budging. Thats the issue. There's $100M missing from the start and now they're anticipating cost overruns before the project has even started and Katz is glued to his $100M, hence asking ECC to pony up more.
Damned hard-up billionaires. Spending money on your own investments totally sucks.