View Single Post
Old
11-12-2012, 09:37 AM
  #535
cheswick
Non-registered User
 
cheswick's Avatar
 
Join Date: Mar 2010
Location: Peg City
Country: Canada
Posts: 3,943
vCash: 574
Quote:
Originally Posted by MNNumbers View Post
Please excuse my ignorance. I was thinking that if the $20M is already in escrow, it is gone, and there is no such thing as a 'payment plan.' Right? I mean, the 20M is real money, and it's in an escrow fund. It's already gone from the city some way.

But, the 5M, I could see a 'negotiation' about that.

Thanks
Well I guess technically it is gone. The NHL has the right to withdraw it as they see fit (assuming they have the actual cash losses of at least that amount).

I believe the city wants the NHL to return the $20 million to them and then work out a payment plan. Clarke's argument is that the city has done a lot for the NHL in working out a lease etc and the NHL should return the favour by helping the city out cause it has budget issues.

Who knows how willing the NHL would be to such an arrangement. Mayor Scruggs had brought it up many months ago as well.

cheswick is online now