Seravalli speculates the NHL is looking at buying out Meruelo (keeping him whole on deficit incurred to date) and extracting relo fee from Smith in SLC. All in time for next year.
Just my view, but this auction is not really the make or break event. Buying some land is a far cry from getting an arena development financed and built. Meruelo can still go try and develop this land if he is so inclined.
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