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Old 05-12-2008, 01:30 PM
BDP BDP is offline
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 Join Date: May 2005
 Total Posts: 2,067
Default Re: More News on Sonics Lawsuit

Quote:
What for? We passed a sales tax with a portion being contingent on getting an NBA team. If we don't get them, then we don't build the practice facility. If we break ground on it and the team subsequently doesn't come, it's anybody's guess on how THAT would work out...
What for? For all the revenue we'd lose from non-execution of the lease, along with all of the tangential revenue the "economy" was going going to receive as a function of the lease.

I'm not talking about the practice facility or the Ford Center. I'm talking about the lease. We'd sue because we entered an exclusive agreement based on information provided to us from the PBC. The lease itself has specific value as does the fact that we can't negotiate with another organization during the term of that lease. If the PBC can not execute the lease because of a fraud which they perpetrated, then the city should seek remedy on behalf of the citizens for the damage caused the city by that fraud.
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