Phoenix LXXII: Send in the Clowns
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02-28-2013, 08:18 PM
Join Date: Nov 2009
Location: Bay Area, CA
Originally Posted by
CF.... I might have misinterpreted it, but I thought in his interview Sherwood hinted dropping the time to 12 years from 20 would make it more palatable with investors who didn't want to lock themselves into such a long agreement (with no out clause).??
btw.... Sherwood was scheduled to appear on Roc and Manuch's show today but it's been rescheduled for tomorrow.
I could have misinterpreted as well. I thought Sherwood was indicating that, from a city perspective, a 5-year or 10-year deal with a buy out provision was not agreeable - but he would support a 12-year deal at AMF $13MM per year. I believe he then said that he had spoken to Jamison who indicated that a 12-year deal could be palatable for investors.
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