Phoenix LXIV: Will You Still Need Me, Will You Still Read Me, on Thread LXIV?
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11-20-2012, 08:28 AM
Join Date: May 2010
Originally Posted by
Clark needs to check her meds if she truly believes Jamison is going to
Why would Jamison even consider it? The answer is he wouldn't. He is not some uneducated buffoon. He is getting $308M to run the arena for 20 years, which happens to be $188M over the going rate of ~$6M per year. If Jamison does end up with the arena, it will not be because he purchased it... it will be because he convinced the CoG to give it to him for free, because 5 years from now when the Coyotes are still losing buckets of money, he will go to council and say he needs another "gift" to make it work. And the CoG being the CoG, will hand him over the keys without question AND still pay him the AMF as well... Anything to keep the team from moving.
The reasonable question would have been, "If Jamison intends to purchase the Jobing.com, why didn't you just negotiate with him to sell the arena, instead of negotiating a 20-year lease?"
Not only does she say that Jamison has an option to purchase the team, she actually goes on to imply that Jamison
buy the Jobing.com, retiring the arena debt and eliminating the AMF. When asked what is "different" about this deal, she claims that the the AMF has been reduced from a high of $17 million to $11 million. I guess she forgot that the $11 million is only for this year, which is actually quickly melting away. Sorry I have to do this, but....
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