and let's face it. Total costs, including land acquistion, are projected at $37 Million.
But if read correctly, Mandalanta is only proposing to repay the city $6 Million for land costs and acquisition. And that would be over time through rent payments.
Here are a couple of questions.
Will Atlanta itself actually be named on the contracts? Or will this be done through some LLC or new Corporation which would shield Atlanta should the team be moved prior to the 20 year operating term for the lease? If not, Atlanta could pull the team after 2 or 3 years with no fear of financial retribution?
What happens when the bond referendum does not pass? Do they try again? Is that why the proposed opening may be 2015?
Did I read correctly, Mandalanta is not going to be obligated for any of the $31 Million construction costs?
Finally, what were the details the city did not release?
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