--- In [email protected], [EMAIL PROTECTED] wrote:
>
>
> I'm amazed by the Press' reaction to this MM deal with Asbury
Partners. The
> editorial board interview was a cream puff job. No financials --
again!! The
> only way to be confident of the partnership is to know what they're
in for - a
> dime or a dollar. What's the commitment? Is there an out clause? Do
we get to
> see this contract - ever?
> And, why should it cost AP anything?????
> Can you say Breach of Contract? Does anyone recall the Dispute
Resolution
> Agreement?
> Isn't this allowing the Partners to dodge another commitment and more
> deadlines? Tell me where it's not so.
> Another round of negotiating is necessary, says Bruno. Another round of
> private - out of the public eye talk among the principals - who
don't include you
> or me. This basically allows the City to acquiesce instead of
pressing its
> rightful legal position with the Partners. Now the City will be one
more entity
> removed from enforcing its rights. Gees, only a lawyer like Faiella
could feel
> comfortable plunging into a tangled web like this one. Oh, that's
right,
> Faiella is the Partners' lawyer.
> What did the editorial board story say, Lamle is a 50% partner?
Lamle? We
> know that Cherokee is a 50% partner. So who's out of the game? Or is
the Press
> just playing loose with the facts again? As in oh they declined to
discuss the
> financial end of this reportedly $150 million investment. The
financials are
> the story!!!
> How does the City enforce its interests in this deal if it's between
the
> Partners and MM?
I asked all these questions and more of Terry Reidy in a phone
conversation 2 months ago. His reply - "good questions Dan." That was
in response to receiving some of he answers I asked for about
ownership of Partners. All I got was a list of LLCs (limited Liability
companies). Terry said the negotiations will not be out of the public
eye. I guess that was satisfy me. I have no more patience or time for
this nonsense. They are going to do what they want.
Something is wrong when credit wants to be taken for every drop of
rain that falls from heaven during their term but if bird shit rains
down, it ain't their fault. 5-6 years and still can't balance a
budget. The only reason something is happening now is because of
pressure from the naysayers.
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