Nationwide Arena/CBJ Finances Discussion II
View Single Post
05-22-2012, 11:59 AM
Join Date: Oct 2006
Originally Posted by
This deal, like the one that brought the Jackets to Columbus, has all the hallmarks of a classic "Founding Fathers" backroom understanding where the principles understand that the deal can be changed at anytime to suit future financial, political, and public necessities. This effectively renders a lot of legal and sticky financial details
To put it in other terms, they made it work well enough
for the time being
I'm sure there will be some who think things like this don't really work this way. Alas....
The problem, as illustrated with the original deal, is that some of the parties are playing by the old boy/handshake rules and some aren't. Nationwide in particular seems to always control the important documents and make sure it maintains leverage such that when the new deal is entered, they have all the power to cram down a favorable deal to them. The local government is all too willing to go along with whatever Nationwide wants.
View Public Profile
Find More Posts by CapnCornelius