This passing up on Stone thing is weird to me. Maybe I’m in the minority, but sounds like it was pretty clear Stone wasn’t going to sign here. So when evaluating the assets we would have parted with, it’s not a comparison point to what Vegas did because they knew Stone wanted to be there.
Stone rejected Calgary as a long term destination which rightfully so dictated a far more cautious approach from BT on assets like Valimaki. (I obviously don’t know this to be fact, but seems to be the consensus from insiders like Friedman that Stone was very focused on Vegas as his long term landing spot).
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