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06-07-2010, 03:40 PM
  #20
RR
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Quote:
Originally Posted by Whileee View Post
Thanks for the clarification.

Do you have any insights or opinions as to why city officials are so focused on the June 30th date for completing this, and why they have linked this timeline to the $25 million escrow account?
It was always their goal to get it done no later than June 30; certainly it mitigates the need to tap into the escrow (always thought that was more about getting the COGs butts in gear than an expectation the league would have to touch it); and the June 30 date gives the NHL 60 days to close its end of the deal with the new buyer.

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