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12-15-2012, 11:19 AM
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Originally Posted by cbcwpg View Post
At least in the case of the Jamison deal it's fairly straight forward what's going on... The CoG is giving money to Jamison. I know they are calling it an AMF, but everyone knows that's just a cover story to try and keep the GWI at bay. It's a simple payment schedule.

No bonds, no CFD, no selling parking. In fact if the CoG had just come out 3 years ago and offered the potential buyer at the time the same deal they are giving Jamison, this could have been over 3 years ago. The last 3 years have been nothing but trickery on behalf of the CoG to avoid the "gift clause", yet that's exactly where we find ourselves. Money to owner.. will the GWI care? Could have saved everyone a lot of time if the CoG just had done this from the start. Put the money on the table and see if the dog bites.
I agree, it's a lot more straightforward. It is also less lucrative than other proposed lease agreements.

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