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Old Posted Apr 18, 2012, 9:34 AM
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TWAK TWAK is offline
Resu Deretsiger
 
Join Date: Feb 2004
Location: Lake County, CA
Posts: 14,833
Quote:
Originally Posted by innov8 View Post
Why as a renter of a new building (Maloof’s) would they also pay for the
pre-development costs? Those costs are traditionally picked up by the
owners which in this case would be the city. This is not for tenant
improvements to an existing structure, this is to build a new structure.
They were a meeting and rubber stamp away from moving because of not getting a new arena. I see it quite simply as if they are that close to moving because of not obtaining a new arena, then they will be on the hook for the costs associated with what they are demanding-the new arena.
It was on the term sheet that the parties involved negotiated-till they decided that they didn't like it. Not that it's a great deal for them, but they don't deserve a sweet deal with the shit they have been pulling the past few years.
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