Quote:
Originally Posted by JBR
You mean the part that says "The Coyotes deal is the only offer Tempe has received in decades to buy the city-owned property, which is largely a landfill and will remain a multi-million-dollar liability so long as it stays on Tempe's books."?
Yes.
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Well, that is one way of fudging what it says but the bottom line is actually this.
Quote:
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But there might be more money to be made on a different deal, if one comes along. An economic development expert suspects Tempe is forgoing $64 million too much in future tax revenue to help support the project, for example. And if the land isn't as distressed as the Coyotes expect, it might be worth tens of millions more than the city is selling it for.
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So as I said, they would be much better off waiting.